Sacramento California Class C Distribution Plan and Agreement is a legal agreement that lays out the terms and conditions between Putnam Mutual Funds Corp and Putnam High Yield Trust II regarding the distribution of Class C shares in Sacramento, California. This document outlines the structure, responsibilities, and obligations for both parties involved in the distribution process. Under the Sacramento California Class C Distribution Plan and Agreement, Putnam Mutual Funds Corp agrees to act as the distributor for Class C shares of Putnam High Yield Trust II in the Sacramento area. Class C shares are a type of mutual fund share class that typically imposes a higher level of annual expenses on investors but does not require sales charges or front-end loads. The agreement includes the details of the distribution plan, which encompasses various aspects such as the marketing strategy for promoting Class C shares in Sacramento, the establishment of distribution channels, and the responsibilities of each party involved. It may also outline the target audience and investor demographics for Class C shares in the Sacramento region. The Sacramento California Class C Distribution Plan and Agreement may include provisions related to compensation, wherein Putnam Mutual Funds Corp could receive a fee or commission for distributing Class C shares. The agreement may also cover the disclosure of expenses and any potential conflicts of interest that may arise during the distribution process. It should be noted that while the above description provides a general overview of a Sacramento California Class C Distribution Plan and Agreement, there may be variations of this agreement based on specific circumstances. For instance, there might be different versions of the agreement tailored for other geographical areas within California or different mutual fund offerings managed by Putnam Mutual Funds Corp. These variations could involve adjustments in the marketing strategies, distribution channels, or compensation arrangements outlined in the agreement.