The Ohio Class C Distribution Plan and Agreement is a comprehensive document that outlines the distribution structure and process for the sale of Class C shares in Putnam Mutual Funds Corp and Putnam High Yield Trust II. This agreement serves as a framework for the marketing and distribution of these mutual funds in Ohio. The Class C Distribution Plan and Agreement are designed to ensure that the distribution of shares is carried out in compliance with relevant laws and regulations. It is a legally binding contract that establishes the responsibilities and obligations of both Putnam Mutual Funds Corp and Putnam High Yield Trust II, as well as the financial intermediaries involved in the distribution process. The Ohio Class C Distribution Plan and Agreement covers various key aspects related to the sale of Class C shares. It outlines the sales charges applicable to investors purchasing these shares and provides details on commissions and fees for the intermediaries involved in the distribution process. The agreement also specifies the redemption fees and any applicable waivers or discounts available to investors. In addition, the Class C Distribution Plan and Agreement highlight the responsibilities and obligations of the parties involved in the distribution process. It outlines the procedures for processing customer purchases, redemptions, and exchanges, ensuring a smooth and efficient transaction process. The agreement also covers the disclosure of information to investors, including prospectuses, annual reports, and other relevant documents. It is important to note that the Ohio Class C Distribution Plan and Agreement may have different types or variations depending on specific circumstances or fund offerings. Some of these variations may include different sales charges, fee structures, or redemption policies. It is crucial for investors and financial intermediaries to carefully review the specific terms and conditions outlined in the agreement for each fund to ensure compliance and to make informed investment decisions. In conclusion, the Ohio Class C Distribution Plan and Agreement is a comprehensive document that governs the marketing and distribution of Class C shares in Putnam Mutual Funds Corp and Putnam High Yield Trust II. It establishes the rules and responsibilities for all parties involved in the distribution process, ensuring compliance with legal requirements and protecting the interests of investors.
Ohio Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
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FAQ
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.
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.
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.
Putnam Investments ? ETFs, Mutual Funds, Institutional, and 529. 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.
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.
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.
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.