EX-99.(D)(IV) 3 f13594bexv99wxdyxivy.txt EXHIBIT 99.(D)(IV) Exhibit (d)(iv) November 14, 2005 Evelyn Dilsaver, President and Chief Executive Officer Schwab Investments 101 Montgomery Street San Francisco, CA 94104 Re: Schwab Investments Dear Ms. Dilsaver: This letter will confirm our agreement to limit net operating expenses of the following funds, as noted in the table below and described in the funds' registration statements filed with the Securities and Exchange Commission.
FUND NET GUARANTEED OPERATING THROUGH EXPENSE LIMIT SCHWAB SHORT-TERM 55 bps 11/14/06 BOND MARKET FUND SCHWAB TOTAL BOND 55 bps 11/14/06 MARKET FUND SCHWAB GNMA FUND 74 bps 11/14/06 INVESTOR SHARES SCHWAB GNMA 55 bps 11/14/06 SELECT SHARES SCHWAB TAX-FREE 64 bps 11/14/06 YIELDPLUS FUND INVESTOR SHARES
SCHWAB TAX-FREE 49 bps 11/14/06 YIELDPLUS FUND SELECT SHARES SCHWAB 65 bps 11/14/06 SHORT/INTERMEDIATE TAX-FREE BOND FUND SCHWAB LONG-TERM 65 bps 11/14/06 TAX-FREE BOND FUND SCHWAB CALIFORNIA 64 bps 11/14/06 TAX-FREE YIELDPLUS FUND INVESTOR SHARES SCHWAB CALIFORNIA 49 bps 11/14/06 TAX-FREE YIELDPLUS FUND SELECT SHARES SCHWAB CALIFORNIA 65 bps 11/14/06 SHORT/INTERMEDIATE TAX-FREE BOND FUND
Sincerely, /s/ George Pereira /s/ Pamela Saunders ------------------ ---------------------------------- George Pereira Pamela Saunders Senior Vice President and Chief Vice President, AMPS Product Financial Officer, Charles Schwab Development Investment Management, Inc. Charles Schwab & Co., Inc. cc: Clinton, Michael Felton, Koji Gao, Zuogang Hand, Gregory Hafner, Jennifer Maddock, Keith Schantz, Steven