Putnam Floating Rate Income Fund Class C (PFICX)
| Fund Assets | 272.88M |
| Expense Ratio | 1.75% |
| Min. Investment | $500 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.46 |
| Dividend Yield | 6.06% |
| Dividend Growth | -2.50% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 7.65 |
| YTD Return | 0.71% |
| 1-Year Return | 2.26% |
| 5-Year Return | 18.77% |
| 52-Week Low | 7.61 |
| 52-Week High | 7.95 |
| Beta (5Y) | 0.32 |
| Holdings | 224 |
| 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 2.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.80%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFRCX | Fidelity | Fidelity Advisor Floating Rate Hi Inc C | 1.77% |
| FIQSX | Fidelity | Fidelity Advisor Floating Rate Hi Inc Z | 0.67% |
| FFRIX | Fidelity | Fidelity Advisor Floating Rate Hi Inc I | 0.77% |
| FFRTX | Fidelity | Fidelity Advisor Floating Rate Hi Inc M | 1.02% |
| FFRHX | Fidelity | Fidelity Floating Rate High Income Fund | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03735 | Jun 30, 2026 |
| May 29, 2026 | $0.03824 | May 29, 2026 |
| Apr 30, 2026 | $0.03556 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03675 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03521 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04025 | Jan 30, 2026 |