Putnam Floating Rate Income Fund Class C (PFICX)
| Fund Assets | 290.97M |
| Expense Ratio | 1.75% |
| Min. Investment | $500 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 6.15% |
| Dividend Growth | -6.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 7.63 |
| YTD Return | -1.47% |
| 1-Year Return | 2.69% |
| 5-Year Return | 17.26% |
| 52-Week Low | 7.61 |
| 52-Week High | 7.95 |
| Beta (5Y) | n/a |
| Holdings | 232 |
| Inception Date | Sep 7, 2004 |
About PFICX
Putnam Floating Rate Income Fund Class C is a mutual fund that seeks high current income, with preservation of capital as a secondary objective. It primarily invests in floating-rate bank loans and corporate debt securities, where yields are set at a margin above short-term interest rates and adjust periodically as rates change. This structure helps the fund respond to interest rate fluctuations, with bank loans historically performing well in rising rate environments due to their adjustable yields. The portfolio features a diverse range of holdings across sectors such as consumer cyclicals, technology, basic materials, capital goods, and financials, with credit quality predominantly in BB and B ratings. Managed through rigorous credit research by experienced professionals, the fund pays dividends monthly and falls within the bank loan category. Founded in 2004 and part of Franklin Templeton, Putnam Floating Rate Income Fund Class C provides investors access to the leveraged loan market, emphasizing income generation from lower-rated, floating-rate instruments.
Performance
PFICX had a total return of 2.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.73%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.03675 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03521 | Feb 27, 2026 |
| 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 |