The New Jersey Class C Distribution Plan and Agreement is a legally binding document that outlines the terms and conditions governing the distribution of mutual funds in the state of New Jersey. This plan is specifically applicable to Putnam Mutual Funds Corp and Putnam High Yield Trust II. The Class C Distribution Plan caters to investors who typically hold their investments for a shorter duration and are willing to pay a small ongoing fee known as a contingent deferred sales charge (CDs) when they redeem their shares. This plan allows investors to access the benefits and potential returns of investing in mutual funds while providing a balance between short-term liquidity and long-term growth. Under the New Jersey Class C Distribution Plan, investors are offered a variety of options and features to tailor their investment strategy to their specific needs. It provides various classes of shares within Putnam Mutual Funds Corp and Putnam High Yield Trust II, each offering distinct characteristics and expenses. These classes may include Class C, Class R, Class Z, or other designated classes. Investors who choose Class C shares typically pay a CD over a predetermined period, which gradually reduces to zero over time. This structure incentivizes investors to hold their investments for a longer period, thus aligning their interests with the long-term performance of the mutual fund. The New Jersey Class C Distribution Plan also includes provisions for marketing and sales compensation arrangements, which ensure that financial intermediaries, such as brokers and financial advisors, are properly compensated for their services. These arrangements may include sales loads, service fees, or revenue-sharing arrangements, which are disclosed in the mutual fund's prospectus. It is important to note that this description is a general overview of the New Jersey Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II. Specific details, terms, and conditions may vary depending on the mutual fund and the individual investor's chosen class of shares. As always, investors are encouraged to carefully read the fund's prospectus and consult with their financial advisor before making any investment decisions.
New Jersey Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
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However, it is not FDIC insured; is not a deposit or other obligation of, and is not guaranteed by, Putnam Fiduciary Trust Company or any of its affiliates. The fund is not a mutual fund registered under the Investment Company Act of 1940, and its units are not registered under the Securities Act of 1933. Putnam Stable Value Fund (15 bps) Fact Sheet - Intuit Benefits | intuitbenefits.com ? sites ? files ? documents intuitbenefits.com ? sites ? files ? documents
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.
Dave divides his mutual fund investments equally between four types of funds: Growth and income, growth, aggressive growth, and international. Dave's Investing Philosophy - Ramsey Solutions ramseysolutions.com ? retirement ? daves-in... ramseysolutions.com ? retirement ? daves-in...
Putnam is the only fund family ranked in the top 10 by Barron's across all time periods. Barron's list of Best Fund Families, 2023. Out of 47 firms (10 year), 49 firms (5 year), and 49 firms (1 year). Based on asset-weighted total return.
Large Value #1. Fidelity® New Millennium Fund® FMILX. #2. Vanguard Equity Income Fund VEIPX. #3. Hamlin High Dividend Equity Fund HHDFX. Best Most Popular Mutual Fund Rankings usnews.com ? funds ? most-popular usnews.com ? funds ? most-popular
Distributions reduce the fund's NAV/units per share by the amount of the distribution because after the payout, the fund holds less assets. Said another way, the NAV is the value of the underlying assets so when a mutual fund pays out a distribution, it stands to reason that the NAV would drop by that same amount.
The mutual fund trust is created by one or more Sponsors, who bring in the initial capital for the mutual fund business. HDFC is the sponsor of HDFC Mutual Fund. The beneficiaries of the mutual fund trust are the investors who invest in various schemes of the mutual fund. The collectively become the beneficiaries.