The Delaware Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II is a legally binding document that outlines the terms and conditions for the distribution of Class C shares within the specified investment company. The Class C Distribution Plan and Agreement is designed for investors seeking an investment opportunity with potentially lower upfront costs and higher ongoing expenses compared to other mutual fund share classes. This arrangement is particularly suitable for individuals who intend to have a shorter investment horizon. Under this agreement, Putnam Mutual Funds Corp and Putnam High Yield Trust II establish the framework for the collection and allocation of fees associated with the distribution and ongoing management of Class C shares. The document outlines the specific terms related to the initial offering, sales charges, redemption fees, and ongoing distribution fees. The agreement typically addresses key aspects such as eligibility criteria for investors to access Class C shares, minimum investment requirements, and the applicable sales charges structure. It also includes information about the conversion or exchange options available to shareholders who wish to transition to another share class within the same fund complex. It is important to note that the specific terms and conditions of the Delaware Class C Distribution Plan and Agreement can vary between different mutual fund companies and their respective funds. Some alternative types or variations of the Delaware Class C Distribution Plan could include modified fee structures or different expense ratios depending on the investment objectives and strategies of the fund. By providing investors with the flexibility to select a share class that aligns with their investment goals and risk tolerance, the Delaware Class C Distribution Plan promotes accessibility and choice. This helps investors to tailor their investment strategy with the beneficial support and expertise of Putnam Mutual Funds Corp and Putnam High Yield Trust II. To summarize, the Delaware Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II is a detailed contractual agreement that sets forth the terms and conditions for the distribution and ongoing management of Class C shares within the specified investment company.
The Delaware Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II is a legally binding document that outlines the terms and conditions for the distribution of Class C shares within the specified investment company. The Class C Distribution Plan and Agreement is designed for investors seeking an investment opportunity with potentially lower upfront costs and higher ongoing expenses compared to other mutual fund share classes. This arrangement is particularly suitable for individuals who intend to have a shorter investment horizon. Under this agreement, Putnam Mutual Funds Corp and Putnam High Yield Trust II establish the framework for the collection and allocation of fees associated with the distribution and ongoing management of Class C shares. The document outlines the specific terms related to the initial offering, sales charges, redemption fees, and ongoing distribution fees. The agreement typically addresses key aspects such as eligibility criteria for investors to access Class C shares, minimum investment requirements, and the applicable sales charges structure. It also includes information about the conversion or exchange options available to shareholders who wish to transition to another share class within the same fund complex. It is important to note that the specific terms and conditions of the Delaware Class C Distribution Plan and Agreement can vary between different mutual fund companies and their respective funds. Some alternative types or variations of the Delaware Class C Distribution Plan could include modified fee structures or different expense ratios depending on the investment objectives and strategies of the fund. By providing investors with the flexibility to select a share class that aligns with their investment goals and risk tolerance, the Delaware Class C Distribution Plan promotes accessibility and choice. This helps investors to tailor their investment strategy with the beneficial support and expertise of Putnam Mutual Funds Corp and Putnam High Yield Trust II. To summarize, the Delaware Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II is a detailed contractual agreement that sets forth the terms and conditions for the distribution and ongoing management of Class C shares within the specified investment company.
