Guam Class C Distribution Plan and Agreement refers to the contractual arrangement between Putnam Mutual Funds Corp and Putnam High Yield Trust II regarding the distribution of Class C shares in Guam. This plan outlines the terms, conditions, and responsibilities of both parties involved in the distribution process. The Guam Class C Distribution Plan and Agreement is designed to provide investors in Guam with access to Class C shares offered by Putnam Mutual Funds Corp and Putnam High Yield Trust II. Class C shares typically have a higher expense ratio than other share classes but do not impose front-end sales charges. This allows investors to participate in the funds' performance while avoiding upfront costs. Under this agreement, the Putnam Mutual Funds Corp and Putnam High Yield Trust II agree to sell Class C shares of their respective funds to eligible investors in Guam. The agreement ensures compliance with the regulatory requirements and guidelines defined by the local securities and exchange authorities. The Guam Class C Distribution Plan and Agreement specify various terms and conditions, such as the sales load structure, redemption policies, fee structure, and suitability standards for investors. It also outlines the responsibilities and obligations of both parties in marketing and distributing the Class C shares in Guam, including compensation arrangements and reporting requirements. It is important to note that there may be different types or variations of the Guam Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II. These variations might arise due to factors such as changes in regulations, market conditions, or specific investor preferences and requirements. Some potential variations or specific types of Guam Class C Distribution Plan and Agreement could include addendums or amendments that adapt the agreement to comply with new regulations, modifications to the fee structure, tailored marketing strategies, or updated reporting requirements. However, without specific information regarding these variations, it is challenging to provide further detail on the exact types of the Guam Class C Distribution Plan and Agreement between the mentioned parties. Overall, the Guam Class C Distribution Plan and Agreement ensures a transparent and compliant distribution process for Class C shares in Guam, allowing investors in the region to access and invest in Putnam Mutual Funds Corp and Putnam High Yield Trust II offerings.
Guam Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
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Class C shares don't impose a front-end sales charge on the purchase, so the full dollar amount that you pay is invested. Often Class C shares impose a small charge (often 1 percent) if you sell your shares within a short time, usually one year.
Long-term investors (more than five years, at least, and preferably more than 10) will do best with class A share funds. Even though the front load may seem high, the ongoing, internal expenses of class A share funds tend to be lower than those of B and C shares.
Class C shares are often purchased by investors who have less than $1 million in assets to invest in a fund family and who have a shorter-term investment horizon, because during those first years Class C shares will generally be more economical to purchase, hold and sell than Class A shares.
WINNIPEG ? ? Great-West Lifeco Inc. (?Lifeco?) [TSX: GWO] today announced that Franklin Resources, Inc. [NYSE: BEN], operating as Franklin Templeton, one of the world's largest independent and diversified asset managers, has agreed to acquire Putnam Investments from Lifeco.
Putnam is headquartered in Boston, Massachusetts and has offices in London, Tokyo, Frankfurt, Sydney, and Singapore.
Class C shares are a class of mutual fund share characterized by a level load that includes annual charges for fund marketing, distribution, and servicing, set at a fixed percentage. These fees amount to a commission for the firm or individual helping the investor decide on which fund to own.
Class C shares are level-load shares that don't impose a sales charge unless you sell too soon after your purchase (usually a period of a year). Instead, mutual funds charge an ongoing annual fee. C shares are probably best for short term investors of beyond one year and no more than three years.