Putnam Floating Rate Income Fund Class C (PFICX)

Fund Assets	266.04M
Expense Ratio	1.689%
Min. Investment	$500
Turnover	34.00%
Dividend (ttm)	0.45
Dividend Yield	5.94%
Dividend Growth	-2.91%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	7.57
YTD Return	1.20%
1-Year Return	2.75%
5-Year Return	18.79%
52-Week Low	7.57
52-Week High	7.85
Beta (5Y)	0.32
Holdings	211
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.

• Fund Family: Franklin Templeton, Inc
• Category: Bank Loan
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PFICX
• Index: Morningstar LSTA US Leveraged Loan TR USD

Performance

PFICX had a total return of 2.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.79%.

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	1.74%
FIQSX	Fidelity	Fidelity Advisor Floating Rate Hi Inc Z	0.66%
FFRIX	Fidelity	Fidelity Advisor Floating Rate Hi Inc I	0.75%
FFRTX	Fidelity	Fidelity Advisor Floating Rate Hi Inc M	1.00%
FFRHX	Fidelity	Fidelity Floating Rate High Income Fund	0.72%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03446	Sep 30, 2026
Aug 31, 2026	$0.03399	Aug 31, 2026
Jul 31, 2026	$0.03905	Jul 31, 2026
Jun 30, 2026	$0.03735	Jun 30, 2026
May 29, 2026	$0.03824	May 29, 2026
Apr 30, 2026	$0.03556	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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