Putnam High Yield Trust 1. SubManagement Contract between Putnam Investment Management, LLC and Putnam Investments Limited dated February 27, 2014; Schedule A amended as of October 27, 2016 Incorporated by reference to PostEffective Amendment No. 50...

▇▇▇▇▇▇ High Yield Trust

1.	SubManagement Contract between ▇▇▇▇▇▇ Investment Management,
LLC and ▇▇▇▇▇▇ Investments Limited dated February 27, 2014;
Schedule A amended as of October 27, 2016  Incorporated by
reference to PostEffective Amendment No. 50 to the
Registrants Registration Statement filed on December 28,
2016.