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Exhibit 8(j)
TRANSFER AGENCY AGREEMENT
AGREEMENT made this 21st day of July 1993, between SCHWAB CAPITAL TRUST
(the "Trust"), a Massachusetts business trust having its principal place of
business at 000 Xxxxxxxxxx Xxxxxx, Xxx Xxxxxxxxx, Xxxxxxxxxx 00000, and XXXXXXX
XXXXXX & CO., INC. ("Schwab"), a corporation organized under the laws of the
State of California which is a Securities and Exchange Commission licensed
transfer agent and which has its principal place of business at 000 Xxxxxxxxxx
Xxxxxx, Xxx Xxxxxxxxx, Xxxxxxxxxx 00000.
WHEREAS, the Trust desires that Schwab perform certain services for the
Trust, and for its series denominated as "Funds" and whose shares of beneficial
interest currently comprise the shares of the Trust identified on Schedule A
hereto (individually referred to herein as a "Fund" and collectively as the
"Funds"); and
WHEREAS, Schwab is willing to perform such services on the terms and
conditions set forth in this Agreement;
NOW, THEREFORE, in consideration of the mutual premises and covenants
herein set forth, the parties agree as follows:
1. SERVICES; USE OF SUBTRANSFER AGENTS. Schwab will perform for the Trust
the services set forth in Schedule B hereto, including services as Transfer
Agent.
Schwab also agrees to perform for the Trust such special services
incidental to the performance of the services enumerated herein as agreed to by
the parties from time to time. Schwab will perform such additional services as
are provided on an amendment to Schedule B hereof, in consideration of such fees
as the parties hereto may agree.
Schwab may, in its discretion, appoint in writing other parties
qualified to perform transfer agency and shareholder services (individually, a
"Subtransfer Agent") to carry out some or all of its responsibilities under this
Agreement with respect to a Fund; provided, however, that the Subtransfer Agent
will be the agent of Schwab and not the agent of the Trust or such Fund, and
that Schwab will be fully responsible for the acts of such Subtransfer Agent and
shall not be relieved of any of its responsibilities hereunder by the
appointment of such Subtransfer Agent.
2. FEES. The Trust will pay Schwab for the services to be provided by
Schwab under this Agreement in accordance with, and in the manner set forth in,
Schedule C hereto. Schwab will not change the fees it charges pursuant to the
fee schedule until the expiration of one year from the Effective Date of this
Agreement (as defined below),
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Exhibit 8(j)
unless the Trust otherwise agrees to such change in writing; thereafter, Schwab
may change its fees only upon the written consent of the Trust. Fees for any
additional services to be provided by Schwab pursuant to an amendment to
Schedule B hereto shall be subject to mutual agreement at the time such
amendment to Schedule B is proposed.
3. REIMBURSEMENT OF EXPENSES. In addition to paying Schwab the fees
described in Section 2 hereof, the Trust agrees to reimburse Schwab for Xxxxxx'x
out-of-pocket expenses in providing services hereunder, including without
limitation the following:
A. All freight and other delivery and bonding charges incurred by
Schwab in delivering materials to and from the Trust and in delivery of
all materials to shareholders;
B. All direct telephone, telephone transmission and telecopy or other
electronic transmission expenses incurred by Schwab in communication
with the Trust, the Trust's investment adviser, sub-investment adviser
or custodian, dealers, shareholders or others as required for Schwab to
perform the services to be provided hereunder;
C. Costs of postage, couriers, stock computer paper, statements,
labels, envelopes, checks, reports, letters, tax forms, proxies,
notices or other forms of printed material which shall be required by
Schwab for the performance of the services to be provided hereunder;
D. The cost of microfilm or microfiche of records or other materials;
and
E. Any expenses Schwab may incur at the written direction of an
officer of the Trust thereunto duly authorized.
4. EFFECTIVE DATE. This Agreement will become effective with respect to
each Fund as of the date set forth across from its name on Schedule A, such date
for each Fund to be referred to herein as the "Effective Date."
5. TERM AND TERMINATION. This Agreement will continue in effect with
respect to the Trust and to each Fund, unless earlier terminated as to a Fund by
either party hereto as provided hereunder, for an initial term of one year from
the Effective Date. Thereafter, this Agreement will continue in effect unless
either party hereto terminates this Agreement with respect to a Fund by giving
90 days', written notice to the other party, whereupon this Agreement with
respect to that Fund will terminate automatically upon the expiration of said 90
days; provided, however, that after such termination, for so long as Schwab,
with the written consent of the Trust, in fact continues to perform any one or
more of the services contemplated by this Agreement or any Schedule or exhibit
hereto, the provisions of this Agreement, including without limitation the
provisions dealing with indemnification, shall continue in full force and
effect. Fees and out-of-pocket expenses
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Exhibit 8(j)
incurred by Schwab but unpaid by the Trust upon such termination shall be
immediately due and payable upon and notwithstanding such termination. Schwab
will be entitled to collect from the Trust, in addition to the fees and
disbursements provided by Paragraphs 2 and 3 hereof, the amount of Xxxxxx'x cash
disbursements and a reasonable fee (which fee shall be not less than the actual
costs incurred by Schwab in performing such service) for services in connection
with Xxxxxx'x activities in effecting such termination, including without
limitation, the delivery to the Trust and/or its distributors or investment
advisers and/or other parties, of the Trust's property, records, instruments and
documents, or any copies thereof.
6. XXXXXX'X RELIANCE ON RECORDS AND INSTRUCTIONS. Schwab may rely on any
written records or instructions provided to it by the Trust or any investment
adviser and on any written records provided by any prior transfer agent or
custodian thereof, and each Fund agrees to indemnify Schwab and hold it, its
employees, officers, directors and agents harmless from and against any and all
claims, demands, actions, suits, judgments, liabilities, losses, damages, costs,
charges, counsel fees and other expenses of every nature arising out of or in
any way relating to any actions taken by Schwab with respect to such Fund in
reasonable reliance upon such records or instructions.
7. UNCONTROLLABLE EVENTS. Schwab assumes no responsibility hereunder, and
will not be liable, for any damage, loss of data, delay or any other loss
whatsoever caused by events beyond its reasonable control.
8. STANDARD OF CARE. Schwab will use its best efforts to insure the
accuracy of all services performed under this Agreement, but will not be liable
to the Trust for any action taken or omitted by Schwab in the absence of bad
faith, willful misconduct or gross negligence.
9. LEGAL ADVICE. Schwab will notify the Trust at any time Schwab believes
that it is in need of the advice of counsel with regard to Xxxxxx'x
responsibilities and duties pursuant to this Agreement; upon the Trust's
consent, Schwab, at its discretion, will be entitled to seek, receive and act
upon advice of legal counsel of its choosing, such advice to be at the expense
of the Trust or the Fund involved unless such advice relates to a matter
involving Xxxxxx'x bad faith, willful misconduct or gross negligence with
respect to Xxxxxx'x responsibilities and duties hereunder, and Schwab in no
event be liable to the Trust or the Fund involved or any shareholder or
beneficial owner of the Trust or such Fund for any action reasonably taken
pursuant to such advice.
10. INSTRUCTIONS. Whenever Schwab is requested or authorized to take action
hereunder pursuant to instructions from a shareholder concerning an account in
the Trust, Schwab will be entitled to rely upon any certificate, letter or other
instrument or communication, whether in writing or by electronic or telephone
transmission, believed by Schwab to be genuine and to have been properly made,
signed or authorized by an officer or other authorized agent of the Trust or by
the shareholder, as the case may be, and shall be entitled to receive as
conclusive proof of any fact or matter required to be ascertained
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Exhibit 8(j)
by it hereunder a certificate signed by an officer of the Trust or any other
person authorized by the Trust's Board of Trustees or by the shareholder, as the
case may be.
As to the services to be provided hereunder, Schwab may rely
conclusively upon the terms of the Prospectus of a Fund and the Statement of
Additional Information of the Trust to the extent that such services are
described therein unless Schwab receives written instructions to the contrary in
a timely manner from the Trust.
11. INDEMNIFICATION. Each Fund agrees to indemnify and hold harmless Schwab
and Xxxxxx'x employees, agents, directors, officers and nominees from and
against any and all claims, demands, actions and suits, whether groundless or
otherwise, and from and against any and all judgments, liabilities, losses,
damages, costs, charges, counsel fees and other expenses of every nature and
character arising out of or in any way relating to Xxxxxx'x actions taken or
non-actions with respect to the performance of services under this Agreement
with respect to such Fund or based, if applicable, upon information,
instructions or requests with respect to such Fund given or made to Schwab by an
officer of the Trust thereunto duly authorized; provided that this
indemnification shall not apply to actions or omissions of Schwab in cases of
its own bad faith, willful misconduct or gross negligence, and further provided
that prior to confessing any claim against it which may be the subject of this
indemnification, Schwab shall give the Trust written notice of and reasonable
opportunity to defend against said claim in its own name or in the name of
Schwab.
12. RECORD RETENTION AND CONFIDENTIALITY. Schwab will keep and maintain on
behalf of the Trust all records which the Trust or Schwab is, or may be,
required to keep and maintain pursuant to any applicable statutes, rules and
regulations, including without limitation Rules 3la-1 and 3la-2 under the
Investment Company Act of 1940, relating to the maintenance of records in
connection with the services to be provided hereunder. Schwab agrees to make
such records available for inspection by the Trust or by the Securities and
Exchange Commission at reasonable times and otherwise to keep confidential all
records and other information relative to the Trust and its shareholders, except
when requested to divulge such information by duly-constituted authorities or
court process, or requested by a shareholder with respect to information
concerning an account as to which such shareholder has either a legal or
beneficial interest or when requested by the Trust, the shareholder, or the
dealer of record as to such account.
13. REPORTS. Schwab will furnish to the Trust and to the Trust's
properly-authorized auditors, investment advisers, examiners, distributors,
dealers, underwriters, salesmen, insurance companies and others designated by
the Trust in writing, such reports at such times as are prescribed in Schedule D
attached hereto, or as subsequently agreed upon by the parties pursuant to an
amendment to Schedule D. The Trust agrees to examine each such report or copy
promptly and will report or cause to be reported any errors or discrepancies
therein no later than three business days from the receipt thereof. In the event
that errors or discrepancies, except such errors and discrepancies as may not
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Exhibit 8(j)
reasonably be expected to be discovered by the recipient within three days after
conducting a diligent examination, are not so reported within the aforesaid
period of time, a report will for all purposes be accepted by and binding upon
the Trust and any other recipient, and Schwab shall have no liability for errors
or discrepancies therein and shall have no further responsibility with respect
to such report except to perform reasonable corrections of such errors and
discrepancies within a reasonable time after requested to do so by the Trust.
14. RIGHTS OF OWNERSHIP. All computer programs and procedures developed to
perform services required to be provided by Schwab under this Agreement are the
property of Schwab. All records and other data except such computer programs and
procedures are the exclusive property of the Trust and all such other records
and data will be furnished to the Trust in appropriate form as soon as
practicable after termination of this Agreement for any reason.
15. RETURN OF RECORDS. Schwab may at its option at any time, and shall
promptly upon the Trust's demand, turn over to the Trust and cease to retain
Xxxxxx'x files, records and documents created and maintained by Schwab pursuant
to this Agreement which are no longer needed by Schwab in the performance of its
services or for its legal protection. If not so turned over to the Trust, such
documents and records will be retained by Schwab for six years from the year of
creation. At the end of such six-year period, such records and documents will be
turned over to the Trust unless the Trust authorizes in writing the destruction
of such records and documents.
16. BANK ACCOUNTS. The Trust and a Fund shall establish and maintain such
bank accounts with such bank or banks as are selected by the Trust, as are
necessary in order that Schwab may perform the services required to be performed
hereunder. To the extent that the performance of such services shall require
Schwab directly to disburse amounts for payment of dividends, redemption
proceeds or other purposes, the Trust and a Fund will provide such bank or banks
with all instructions and authorizations necessary for the Fund to effect such
disbursements.
17. PURCHASE AND REDEMPTION OF SHARES. Schwab will process instructions
from the Shareholders of the Trust to purchase and redeem shares of the Trust as
the agent for the Trust.
With respect to those Funds identified on Schedule A hereto as "Sweep
Funds" (if any), Schwab will perform such daily, and/or weekly monitoring and
other related tasks as is necessary to carry out the automatic investment and
redemption features associated with each individual shareholder's account with
Schwab.
18. REPRESENTATIONS OF THE TRUST. The Trust certifies to Schwab that: (1)
as of the close of business on the Effective Date, each Fund has authorized
unlimited shares and (2) by virtue of its Declaration of Trust, shares of each
Fund which are redeemed by the Trust may be sold by the Trust from its treasury
and (3) this Agreement
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Exhibit 8(j)
has been duly authorized by the Trust and, when executed and delivered by the
Trust, will constitute a legal, valid and binding obligation of the Trust,
enforceable against the Trust in accordance with its terms, subject to
bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting the rights and remedies of creditors and secured parties.
19. REPRESENTATIONS OF SCHWAB. Schwab represents and warrants that the
various procedures and systems which Schwab has implemented with regard to
safeguarding from loss or damage attributable to fire, theft, or any other cause
of the blank checks, records, and other data of the Trust and Xxxxxx'x records,
data, equipment facilities and other property used in the performance of its
obligations hereunder are adequate and that it will make such changes therein
from time to time as are required for the secure performance of its obligations
hereunder.
20. INSURANCE. Schwab will use reasonable efforts to obtain insurance
covering the services to be performed by it under this Agreement and shall
notify the Trust in the event it is unable to do so within 90 days after the
Effective Date of this Agreement. Thereafter, Schwab will notify the Trust
should any of its insurance coverage be changed for any reason. Such
notification shall include the date of change and the reasons therefor.
Schwab-will notify the Trust of any material claims against it with respect to
services performed under this Agreement, whether or not they may be covered by
insurance, and shall notify the Trust from time to time as may be appropriate of
the total outstanding claims made by Schwab under its insurance coverage.
21. INFORMATION TO BE FURNISHED BY THE TRUST. The Trust has furnished to
Schwab the following:
A. Copies of the Declaration of Trust of the Trust and of any
amendments thereto, certified by the proper official of the state in
which such Declaration has been filed.
B. Copies of the following documents:
1. The Trust's By-Laws and any amendments thereto.
2. Certified copies of resolutions of the Board of Trustees
covering the following matters:
a. Approval of this Agreement, authorization of an
officer of the Trust to execute and deliver this
Agreement and authorization for officers of the
Trust to instruct Schwab hereunder; and
b. Authorization of Schwab to act as Registrar,
Transfer Agent and Dividend Disbursing Agent for
the Trust.
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Exhibit 8(j)
C. A list of all the officers of the Trust, together with specimen
signatures of those officers who are authorized to instruct Schwab in
all matters.
D. Two copies of the following:
1. Prospectuses for each Fund and the Statement of Additional
Information of the Trust;
2. Distribution Agreement;
3. Investment Advisory and Administration Agreement(s); and
4. All other forms Commonly used by the Trust or its Distributor
with regard to their relationships and transactions with
shareholders of the Trust.
E. A certified statement as to shares of beneficial interest of the
Trust authorized, issued, and outstanding as of the Effective Date of
Xxxxxx'x appointment as Transfer Agent (or as of the date on which
Xxxxxx'x services are commenced, whichever is the later date) and as to
receipt of full consideration by the Trust for all shares outstanding,
such statement to be certified by the Treasurer of the Trust;
22. INFORMATION FURNISHED BY SCHWAB. Schwab has furnished to the Trust the
following:
X. Xxxxxx'x Articles of Incorporation.
X. Xxxxxx'x By-Laws and any amendments thereto.
C. Certified copies of actions of Schwab covering the following
matters:
1. Approval of this Agreement, and authorization of an officer
of Schwab to execute and deliver this Agreement; and
2. Authorization of Schwab to act as Transfer Agent for the
Trust.
23. AMENDMENTS TO DOCUMENTS. The Trust shall furnish Schwab written copies
of any amendments to, and changes in, any of the items referred to in Section 21
hereof forthwith upon such amendments and changes becoming effective. In
addition, the Trust agrees that no amendments will be made to the Prospectus of
a Fund or the Statement of Additional Information of the Trust which might have
the effect of changing the procedures employed by Schwab in providing the
services agreed to hereunder or which amendment might affect the duties of
Schwab hereunder unless the Trust first obtains Xxxxxx'x approval of such
amendments or changes.
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Exhibit 8(j)
24. RELIANCE ON AMENDMENTS. Schwab may rely on any amendments to or changes
in any of the documents and other items to be provided by the Trust pursuant to
Sections 21 and 23 of this Agreement and a Fund will indemnify and hold harmless
Schwab from and against any and all claims, demands, actions, suits, judgments,
liabilities, losses, damages, actions, suits, judgments, liabilities, losses,
damages, costs, charges, counsel fees and other expenses of every nature and
character which may result from actions or omissions on the part of Schwab with
respect to such Fund in reliance upon such amendments and/or changes. Although
Schwab is authorized to rely on the abovementioned amendments to and changes in
the documents and other items to be provided pursuant to Sections 21 and 23
hereof, Schwab will be under no duty to comply with or take any action as a
result of any of such amendments or changes unless the Trust first obtains
Xxxxxx'x written consent to and approval of such amendments or changes.
25. COMPLIANCE WITH LAW. Except for the obligations of Schwab set forth in
Section 12 hereof, the Trust assumes full responsibility for the preparation,
contents and distribution of each Prospectus of the Trust, as to compliance with
all applicable requirements of the Securities Act of 1933, as amended, the
Investment Company Act of 1940, as amended, and any other laws, rules and
regulations of governmental authorities having jurisdiction. Schwab will have no
obligation to take cognizance of any laws relating to the sale of the Trust's
shares.
26. NOTICES. Any notice provided hereunder shall be sufficient given when
sent by registered or certified mail to the party required to be served with
such notice, at the following address: 000 Xxxxxxxxxx Xxxxxx, Xxx Xxxxxxxxx,
Xxxxxxxxxx 00000 or at such other address as such party may from time to time
specify in writing to the other party pursuant to this Section.
27. HEADINGS. Paragraph headings in this Agreement are included for
convenience only and are not to be used to construe or interpret this Agreement.
28. ASSIGNMENT. This Agreement and the rights and duties hereunder shall
not be assignable with respect to a Fund by either of the parties hereto except
by the specific written consent of the other party. This Section 28 shall not
limit or in any way affect Xxxxxx'x right to appoint a Subtransfer Agent
pursuant to Section 1 hereof.
29. GOVERNING LAW. This Agreement shall be governed by and provisions
shall be construed in accordance with the laws of the State of California.
30. LIMITATION OF LIABILITY. A copy of the Declaration of Trust of the
Trust is on file with the Secretary of The Commonwealth of Massachusetts, and
notice is hereby given that this instrument is executed on behalf of the
Trustees of the Trust as Trustees and not individually and that the obligations
of this instrument are not binding upon any of the Trustees or shareholders
individually but are binding only upon the assets and property of the Trust.
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Exhibit 8(j)
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed all as of the day and year first above written.
SCHWAB CAPITAL TRUST
By: /s/ Xxxxx Xxx
-------------
Name: Xxxxx X. Xxx
Title: Assistant Secretary
XXXXXXX XXXXXX & CO., INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
-----------------------
Name: Xxxxxxx X. Xxxxxxxx
Title: Vice President
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EXHIBIT 8(j)
SCHEDULE A
Name of Fund Effective Date
------------ --------------
Schwab International Index Fund July 21, 1993
SCHWAB CAPITAL TRUST
By: /s/ Xxxxx Xxx
-----------------------
Name: Xxxxx Xxx
Title: Assistant Secretary
XXXXXXX XXXXXX & CO., INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
-----------------------
Name: Xxxxxxx X. Xxxxxxxx
Title: Vice President
Dated: July 21, 1993
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Exhibit 8(j)
SCHEDULE B
TRANSFER AGENCY SERVICES
I. Record Maintenance.
Schwab will provide full maintenance of all shareholder records for
each account in the Trust. Such records will include:
A. Share balance;
B. Account transaction history, including dividends paid and the
date and price for all transactions;
C. Name and address of the record shareholder (including zip
codes and tax identification numbers but will not include
responsibility for obtaining certified tax identification
numbers or impending back-up withholding);
D. Records of distributions and dividend payments;
E. Transfer records; and
F. Overall control records.
II. Regular Daily Operations.
Schwab will perform the following functions:
A. Process new accounts on the shareholder file by processing
directly from the Trust's distributor or dealer;
B. Process additional purchases to the records of accounts
already on the shareholder file. In such instances, on the
distributor's or dealer's instructions, allocate investor
payments among the Funds;
C. Process purchases and redemptions to accounts already on the
shareholder file in accordance with the terms of all automatic
purchase and redemption provisions set forth in shareholders,
account relationship with the Trust's distributor;
D. Transfer shares upon the receipt of proper instructions from
distributor or dealer; and
E. Process changes of dealer/representative on accounts.
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Exhibit 8(j)
III. Periodic Operations.
A. Upon receipt of instructions as to payment of dividends and
distributions, which may be standing instructions, compute
distributions and inform the Trust of the amount to be
reinvested in additional shares.
B. Process redemptions as instructed by distributor or dealer.
C. Mail semi-annual and annual Trust and/or Fund reports and
prospectuses.
D. Produce transcripts of account history as requested by the
Trust or by the distributor or dealer.
E. Prepare and file Form 1099's with Internal Revenue Service.
F. Monitor sales of the Funds, shares in the various States and
other jurisdictions where the Funds, shares are registered for
sale, and report on such monitoring efforts to the Funds'
Investment Manager.
IV. Controls.
A. Maintain all balance controls daily and produce monthly
summaries expressed in:
1. shares; and
2. dollar amounts.
V. Special Services Included.
A. Prepare envelopes/labels (from address data supplied by
distributor or dealer as to transmission accounts) and mail
proxy statements; tabulate and certify votes from returned
ballots.
SCHWAB CAPITAL TRUST
By: /s/ Xxxxx X. Xxx
-----------------------------
Name: Xxxxx X. Xxx
Title: Assistant Secretary
XXXXXXX XXXXXX & CO., INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
-----------------------------
Name: Xxxxxxx X Xxxxxxxx
Title: Vice President
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SCHEDULE C
FEES
Name of Fund Fee
------------ -------------------------
Schwab International Index Fund Five one-hundredths of
one percent (.05%) of the
Fund's average daily net
assets
SCHWAB CAPITAL TRUST
By: /s/ Xxxxx X. Xxx
-----------------------
Name: Xxxxx X. Xxx
Title: Assistant Secretary
XXXXXXX XXXXXX & Co., INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
-----------------------
Name: Xxxxxxx X. Xxxxxxxx
Title: Vice President
Dated: July 21, 1993
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Exhibit 8(j)
SCHEDULE D
REPORTS
I. Daily Activity Report (liquidations processed that day)
II. Daily Share Summary Report (by Fund)
A. Beginning balance
B. Liquidations
C. Payments
D. Exchanges
E. Adjustments
F. Ending Balance
G. Sales by each State and jurisdiction
III. Daily Proof Sheet Summary and Transaction Register
IV. Daily Share Reconciliation Report (reconciling Share Summary Report to
Daily Proof Summary Sheet)
V. Weekly Position Reports (showing all account balances)
VI. Monthly Dividend Reports
VII. Report by independent public accountants concerning Xxxxxx'x accounting
system and internal accounting controls, at such times, as the Trust may
reasonably require. These reports shall be of sufficient detail and scope to
provide reasonable accuracy that any material inadequacies would be disclosed by
such examination, and, if there are no such inadequacies, shall state.
XXXXXX CAPITAL TRUST
By: /s/ Xxxxx X. Xxx
-----------------------------
Name: Xxxxx X. Xxx
Title: Assistant Secretary
XXXXXXX XXXXXX & CO., INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
-----------------------------
Name: Xxxxxxx X Xxxxxxxx
Title: Vice President
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EXHIBIT 8(j)
AMENDED SCHEDULE C
TO THE TRANSFER AGENCY AGREEMENT
FOR XXXXXX CAPITAL TRUST
FEES
THE FEES LISTED BELOW ARE FOR SERVICES PROVIDED UNDER THIS AGREEMENT
AND ARE TO BE ACCRUED DAILY AND PAID MONTHLY IN ARREARS:
FUND FEE
---- ---
Schwab International Index Five one-hundredths of one percent (.05%)
Fund of the Fund's average daily net assets
Schwab Small-Cap Index Five one-hundredths of one percent (.05%)
Fund of the Fund's average daily net assets
Schwab Asset Director-High Five one-hundredths of one percent (.05%)
Growth Fund of the Fund's average daily net assets
Schwab Asset Director- Five one-hundredths of one percent (.05%)
Balanced Growth Fund of the Fund's average daily net assets
Schwab Asset Director- Five one-hundredths of one percent (.05%)
Conservative Growth Fund of the Fund's average daily net assets
Schwab S&P 500 Fund- Five one-hundredths of one percent (.05%)
Investor Shares of the Fund's average daily net assets
Schwab S&P 500 Fund- Five one-hundredths of one percent (.05%)
e.Shares of the Fund's average daily net assets
Schwab Analytics Fund Five one-hundredths of one percent (.05%)
of the Fund's average daily net assets.
Schwab OneSource Five one-hundredths of one percent (.05%)
Portfolios-International of the Fund's average daily net assets.
Schwab OneSource Five one-hundredths of one percent (.05%)
Portfolios-Growth of the Fund's average daily net assets.
Allocation
Schwab OneSource Five one-hundredths of one percent (.05%)
Portfolios-Balanced of the Fund's average daily net assets.
Allocation
Schwab OneSource Five one-hundredths of one percent (.05%)
Portfolios-Small Company of the Fund's average daily net assets.
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XXXXXX CAPITAL TRUST
By: /s/ Xxxxxxx X. Xxxxx
----------------------------
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
and Chief Operating Officer
XXXXXXX XXXXXX & CO., INC.
By: /s/ Xxxxxxx X. Xxxxxx
----------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Senior Vice President
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