Houston Texas Class C Distribution Plan is a contractual agreement established between Putnam Mutual Funds Corp and Putnam High Yield Trust II. This plan outlines the terms and conditions related to the distribution of Class C shares of the mutual fund. Under the Houston Texas Class C Distribution Plan, the Putnam Mutual Funds Corp acts as the distributor, responsible for offering and selling Class C shares to investors. These shares are a type of mutual fund investment that combines certain features of Class A and Class B shares. While Class C shares do not have a sales charge upfront, they may incur higher ongoing expenses compared to other share classes. The agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II specifies the roles and responsibilities of both parties regarding the distribution of Class C shares. It outlines the methods and strategies to be employed in promoting and selling these shares to potential investors in Houston, Texas, and other relevant markets. The specific types of Houston Texas Class C Distribution Plans and Agreements between Putnam Mutual Funds Corp and Putnam High Yield Trust II may include: 1. Houston Texas Class C Distribution Plan for Basic Class C Shares: This plan focuses on the distribution and sale of the standard Class C shares offered by Putnam High Yield Trust II. It outlines the sales goals, marketing strategies, and compensation structure for the distribution network involved in selling these shares. 2. Houston Texas Class C Distribution Plan for Advisor-Sold Class C Shares: This plan targets financial advisors who offer Putnam High Yield Trust II's Class C shares to their clients. It may include additional incentives, support, and training for financial advisors to promote these shares effectively within their client base. 3. Houston Texas Class C Distribution Plan with Breakpoints: In this plan, Putnam Mutual Funds Corp and Putnam High Yield Trust II may collaborate to offer breakpoints for Class C shares. Breakpoints allow investors to take advantage of reduced sales charges for larger investment amounts. The agreement specifies the eligibility criteria and the corresponding breakpoints based on the level of investment. 4. Houston Texas Class C Distribution Plan with Rights of Accumulation (ROA): This type of plan incorporates Rights of Accumulation, which enables investors to receive volume discounts on the sales charges for Class C shares based on their existing investments in the fund family. The agreement outlines the rules governing the calculation and application of Road for investors in Houston, Texas. Overall, Houston Texas Class C Distribution Plans and Agreements between Putnam Mutual Funds Corp and Putnam High Yield Trust II aim to streamline and regulate the distribution process of Class C shares. The specific plan chosen depends on the target audience, distribution channels, and investor preferences.