Alabama Class C Distribution Plan and Agreement is a comprehensive plan and agreement entered into between Putnam Mutual Funds Corp and Putnam High Yield Trust II, aimed at offering investors in Alabama an effective means of investing in mutual funds while ensuring compliance with relevant laws and regulations. This distribution plan specifically targets Class C shares, catering to the needs of investors with a shorter investment horizon. The Alabama Class C Distribution Plan and Agreement enables investors to access Putnam Mutual Funds Corp's and Putnam High Yield Trust II's mutual funds through a simplified and cost-effective process. Investors opting for Class C shares enjoy several benefits, such as the ability to invest without any front-end sales charges or transaction fees. Instead, an annual distribution fee, commonly referred to as a "level load fee," is charged throughout the investor's holding period. This agreement emphasizes the commitment of Putnam Mutual Funds Corp and Putnam High Yield Trust II to diligently provide Alabama investors with access to well-managed portfolios that meet their investment objectives. The Class C Distribution Plan ensures transparency, disclosure, and adherence to all applicable regulations and industry standards. It offers investors the opportunity to invest in a diversified range of assets, including equities, fixed-income securities, and money market instruments. Furthermore, the Alabama Class C Distribution Plan and Agreement outlines the specific terms and conditions that govern the distribution of Class C shares, including the calculation and payment of the level load fee. The agreement also includes details regarding investor communication, account management, and the provision of regular reports and statements to keep investors informed about the performance and holdings of the mutual funds. Different types of Class C Distribution Plans and Agreements may exist between Putnam Mutual Funds Corp and Putnam High Yield Trust II, catering to specific investor preferences or regulatory requirements. These variations can include different fee structures, redemption terms, or investment strategies. However, regardless of the specific type, all Class C Distribution Plans and Agreements aim to provide investors with access to reliable, transparent investment options delivered through a streamlined and compliant process. Investors in Alabama can rely on the Alabama Class C Distribution Plan and Agreement to facilitate their participation in Putnam Mutual Funds Corp's and Putnam High Yield Trust II's mutual funds, ensuring they have access to potential growth opportunities while meeting their specific investment objectives.