Charles Schwab Investment Management, INC

CSIM receives fees from Direct Clients, program sponsors of Wrap Fee Programs, Broker/Custodian-Related Programs, and Primary Advisors. Fees are based on the value of the assets held in a client’s account. Fees for Wrap Fee Programs, including the Schwab Managed Account Programs, Broker/Custodian-Related Programs, or fees from Primary Advisors can differ from Direct Client fees and from each other. Annual fees for SPI Direct Clients and clients with a Primary Advisor generally range from 0.15% to 0.25%. For ThomasPartners Strategies Direct Client accounts, fees are 1.00% on assets up to $2 million; 0.75% on assets between $2 million and $5 million; and 0.60% on assets greater than $5 million. Annual fees for Wasmer Schroeder Strategies Direct Clients and clients with a Primary Advisor generally range from 0.07% to 0.75%. For Windhaven Strategies Direct Client accounts, fees are 1.00% of assets on the first $5 million; 0.85% of assets on the next $5 million; 0.75% of assets on the next $15 million; 0.60% of assets on the next $25 million; and 0.50% of assets on amounts over $50 million.