Putnam Floating Rate Income Fund Class R (PFLLX)
| Fund Assets | 300.63M |
| Expense Ratio | 1.25% |
| Min. Investment | $500 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 6.56% |
| Dividend Growth | -10.85% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.75 |
| YTD Return | -0.34% |
| 1-Year Return | 3.61% |
| 5-Year Return | 25.62% |
| 52-Week Low | 7.27 |
| 52-Week High | 7.82 |
| Beta (5Y) | n/a |
| Holdings | 241 |
| Inception Date | Sep 7, 2004 |
About PFLLX
Putnam Floating Rate Income Fund Class R is a mutual fund focused on generating **high current income** through investments in **senior secured bank loans and other floating‑rate debt instruments**. These loans typically reset their coupons at a spread over short‑term reference rates, which helps the fund maintain a **low interest‑rate duration profile** and reduce sensitivity to changes in market interest rates. The portfolio is broadly diversified across corporate borrowers and sectors such as consumer cyclicals, technology, basic materials, financials, and health care, reflecting its role in the **leveraged loan and below‑investment‑grade credit** segment. The fund emphasizes credit research and active security selection, supported by the broader fixed income resources of its parent organization following the integration with Franklin Templeton. In the fixed income market, Putnam Floating Rate Income Fund Class R serves as a specialized vehicle for accessing the institutional bank loan market, offering exposure that differs from traditional core bond funds through its floating‑rate structure and credit‑oriented holdings.
Performance
PFLLX had a total return of 3.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.60%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04361 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0428 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0404 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04615 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04094 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04608 | Aug 29, 2025 |