THE CHARLES SCHWAB FAMILY OF FUNDS

FOURTH AMENDED AND RESTATED

MULTIPLE CLASS PLAN

This document amends and restates the MULTIPLE CLASS PLAN (the “Plan”) of THE CHARLES SCHWAB FAMILY OF FUNDS, a Massachusetts business trust (the “Trust”), first adopted on October 20, 1989, pursuant to Rule 18f-3(d) under the Investment Company Act of 1940, as amended (the “1940 Act”) and later amended and restated. The Plan is applicable to each of the Trust’s investment portfolios identified on Schedule A hereto (each a “Fund” and collectively the “Funds”), as such Schedule may be amended from time to time. This fourth amended and restated plan is effective as of July 29, 2020.

WHEREAS, it is desirable to enable the Trust to have flexibility in meeting the investment and shareholder servicing needs of its current and future investors; and

WHEREAS, the Board of Trustees of the Trust (the “Board of Trustees”), including a majority of the Trustees who are not “interested persons” of the Trust, as such term is defined by the 1940 Act, mindful of the requirements imposed by Rule 18f-3(d) under the 1940 Act, has determined to adopt this Plan to enable the Funds to provide appropriate services to certain designated classes of shareholders of the Funds;

NOW, THEREFORE, the Trust designates the Plan as follows:

1. Designation of Classes. Each Fund listed on Schedule A shall offer its units of beneficial interest (“Shares”) in two or more classes as indicated on Schedule A (each, a “Class” and collectively, the “Classes”).

2. Shareholder Services and Sweep Administration Services Specific to Each Class. Sweep administration services providing for the automatic purchases and redemptions of Shares of the Funds shall be offered only with respect to Sweep Shares, and not to the other Classes. Shareholder services providing for, among other things, account maintenance and customer liaison services shall be offered to shareholders of the Classes. With respect to fees paid by the various Classes for shareholder services and sweep administration services, Charles Schwab & Co., Inc. will provide services that are at least equal in nature and quality to those available from others offering comparable services. The costs and expenses attributable to performing sweep administration services and shareholder services to shareholders of each Class, as set forth on Schedule A hereto and in the Shareholder Servicing and Sweep Administration Plan dated April 10, 2019, as may be amended from time to time, shall be based upon the actual services rendered to shareholders of each Class.

3. Minimum Balance Requirements. The minimum initial investment requirements, minimum balance requirements, and any minimum subsequent investment requirements applicable to Investor Shares and Ultra Shares, shall be as determined from time to time by Charles Schwab Investment Management, Inc. (“CSIM”), and disclosed in the Trust’s registration statement. The minimums may be waived for certain retirement plans and plan participants, and for certain investment programs, or in a Fund’s sole discretion.

4. Exchange Privilege and Conversion. Each Class of Shares of each Fund shall be exchangeable for shares of any series of the Trust or of Schwab Investments, Schwab Capital Trust and Laudus Trust, including all classes of shares of such series, provided that the minimum investment, and any other requirements of the series or class for which the Shares are exchanged are satisfied. Shares of each Class shall be convertible into each other, either at the option of the Fund or the Shareholders, provided, that the

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Shareholder satisfies the requirements to invest in the Class into which such Shares of a Class are to be converted.

In the event a Shareholder no longer meets the eligibility requirements for investment in a Class of Shares, a Fund may convert the shareholder into a Class of Shares for which such Shareholder does meet the eligibility requirements. Any such conversion will be preceded by written notice to the Shareholder, and will occur at the respective net asset values of the Classes without imposition of any sales load, fee or other charge. If the Shareholder meets the eligibility requirements for more than one other Class of Shares, then such Shareholder’s shares will be converted into shares of the Class of Shares having the lowest total operating expenses for which such Shareholder meets the eligibility requirements.

To the extent permitted by law and the extent permitted by the Trust’s Declaration of Trust, the Trust may combine the Classes of any Fund provided that such combination will occur at the respective net asset values of the Classes without imposition of any sales load, fee or other charge.

5. Allocation of Expenses.    Each Class shall pay all of the expenses of its distribution and shareholder services arrangement (such arrangements for shareholder services or distribution, or both, shall be a different arrangement from other Classes). At the Board of Trustees’ discretion, each Class may pay a different share of other expenses, not including advisory or custodial fees or other expenses related to the management of the Fund’s assets, if these expenses are actually incurred in a different amount by that Class, or if the Class receives services of a different kind or to a different degree than other Classes. All other expenses, including (i) advisory or custodial fees or other expenses related to the management of the Fund’s assets and (ii) costs of implementing this plan, shall be allocated to each Class on the basis of such Class’ relative net assets (settled shares). Expenses attributable to a particular Class shall be borne entirely by that Class. If, in the future, one or more new classes are added to a Fund, any cost of implementing this plan for such new classes shall be allocated to those classes of the Fund then in existence before the addition of the new class structure and shall not be charged to the new classes.

6. Voting. Shareholders of a Class of shares shall vote exclusively as a class on any matter relating solely to the arrangement of such Class as a class and on any matter in which the interests of that Class differ from the interests of another class. Each Share held entitles the Shareholder of record to one vote. Each Fund will vote separately on matters relating solely to that Fund. Each Class of a Fund shall have exclusive voting rights on any matter submitted to Shareholders that relates solely to that Class, and shall have separate voting rights on any matter submitted to Shareholders in which the interests of one class differ from the interest of any other class. However, all Fund Shareholders will have equal voting rights on matters that affect all Fund Shareholders equally.

7. Termination and Amendment. This Plan may be terminated or materially amended at any time by vote of a majority of the Board of Trustees, including a majority of the Trustees who are not interested persons of the Trust, as such term is defined by the 1940 Act. Any non-material amendment of this Plan may be made by CSIM.

8. Trust. The names “The Charles Schwab Family of Funds” and “Board of Trustees” refer respectively to the Trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust, to which reference is hereby made and a copy of which is on file at the office of the Secretary of the Commonwealth of Massachusetts and elsewhere as required by law, and to any and all amendments thereto so filed or hereafter filed. The obligations of “The Charles Schwab Family of Funds” entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders or representatives of the Trust personally, but bind only the assets of the Trust, and all persons dealing with any series and/or class of Shares of the Trust must look solely to the

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assets of the Trust belonging to such series and/or class for the enforcement of any claims against the Trust.

THE CHARLES SCHWAB FAMILY OF FUNDS
By:	/s/ Jonathan de St. Paer
	Jonathan de St. Paer
	President and Chief Executive Officer

Dated as of July 29, 2020

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Schedule A dated July 29, 2020 to the

Fourth Amended and Restated Multiple Class Plan of

THE CHARLES SCHWAB FAMILY OF FUNDS

Name of Fund and Class	Annual Shareholder Service Fee (as a percentage of average daily net assets of the Fund)	Annual Sweep Administration Service Fee (as percentage of average daily net assets of the Fund)
Schwab Municipal Money Fund – Ultra Shares	0.00%	0.00%
Schwab Municipal Money Fund – Investor Shares	0.15%	0.00%
Schwab Value Advantage Money Fund – Investor Shares	0.15%	0.00%
Schwab Value Advantage Money Fund – Ultra Shares	0.00%	0.00%
Schwab Government Money Fund – Sweep Shares	0.15%	0.10%
Schwab Government Money Fund – Investor Shares	0.15%	0.00%
Schwab California Municipal Money Fund – Ultra Shares	0.00%	0.00%
Schwab California Municipal Money Fund – Investor Shares	0.15%	0.00%
Schwab New York Municipal Money Fund – Ultra Shares	0.00%	0.00%
Schwab New York Municipal Money Fund – Investor Shares	0.15%	0.00%
Schwab AMT Tax-Free Money Fund – Ultra Shares	0.00%	0.00%
Schwab AMT Tax-Free Money Fund – Investor Shares	0.15%	0.00%

THE CHARLES SCHWAB FAMILY OF FUNDS
By:	/s/ Jonathan de St. Paer
	Jonathan de St. Paer
	President and Chief Executive Officer

Dated as of July 29, 2020

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