The Vermont Class C Distribution Plan and Agreement is a comprehensive framework that governs the distribution of funds between Putnam Mutual Funds Corp and Putnam High Yield Trust II. This agreement sets out the terms and conditions for the selling and marketing of Class C shares in Vermont. Under this plan, investors in Vermont can choose to invest in various types of Class C shares offered by Putnam Mutual Funds Corp and Putnam High Yield Trust II. Some different types of Class C shares available include: 1. Vermont Class C Growth Plan: This plan is specifically designed for investors seeking potential capital appreciation by investing in growth-oriented funds. It caters to individuals who are willing to assume moderate risks in exchange for potential higher returns over the long term. 2. Vermont Class C Income Plan: Investors looking for a steady stream of income can opt for this plan. It focuses on income-generating funds, making it suitable for individuals who prioritize regular payouts and a stable income stream. 3. Vermont Class C Balanced Plan: This plan aims to strike a balance between capital appreciation and income generation. It offers a diversified investment approach that combines growth and income-oriented funds. It can be an appealing choice for investors seeking a moderate level of risk and a combination of both capital appreciation potential and regular payouts. The Vermont Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II encompasses numerous key aspects. It outlines the sales charges, expenses, and fees associated with the purchase and sale of Class C shares. Additionally, it specifies the procedures for calculating net asset value, distribution payments, and periodic reporting ensuring transparency. The agreement also details the responsibilities of both Putnam Mutual Funds Corp and Putnam High Yield Trust II regarding the marketing and distribution of Class C shares in Vermont. It includes provisions for compliance with regulatory requirements and the promotion of investor protection. The plan further establishes guidelines for the selection and compensation of intermediaries that help facilitate the sale of Class C shares. In summary, the Vermont Class C Distribution Plan and Agreement is a vital document that governs the distribution of various types of Class C shares offered by Putnam Mutual Funds Corp and Putnam High Yield Trust II in the state of Vermont. This plan provides investors with a range of options tailored to their investment objectives, whether it be capital appreciation, income generation, or a balance between both.