Putnam Floating Rate Income Fund Class C (PFICX)
| Fund Assets | 300.63M |
| Expense Ratio | 1.75% |
| Min. Investment | $500 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 6.05% |
| Dividend Growth | -11.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.74 |
| YTD Return | -0.51% |
| 1-Year Return | 2.96% |
| 5-Year Return | 22.59% |
| 52-Week Low | 7.29 |
| 52-Week High | 7.81 |
| Beta (5Y) | n/a |
| Holdings | 241 |
| Inception Date | Sep 7, 2004 |
About PFICX
Putnam Floating Rate Income Fund Class C is an open-end mutual fund focused on generating **high current income**, with preservation of capital as a secondary objective. The fund primarily invests in **floating-rate bank loans**, whose interest payments reset based on short-term reference rates, helping maintain relatively low interest-rate sensitivity. Its portfolio consists largely of corporate loans and other floating-rate corporate debt, diversified across sectors such as capital goods, consumer staples, financials, health care, transportation, and energy. By targeting below-investment-grade corporate borrowers through secured bank loans, the fund occupies a niche between traditional investment-grade bonds and more aggressive high-yield strategies. The floating-rate structure contributes to a very short effective duration, which can be relevant in environments of changing short-term interest rates. Managed by an experienced credit team using fundamental research, Putnam Floating Rate Income Fund Class C plays a role in the market as a specialized credit vehicle offering exposure to the leveraged loan market and its income characteristics.
Performance
PFICX had a total return of 2.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.50%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04025 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0393 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0374 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04256 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03787 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04261 | Aug 29, 2025 |