Putnam Floating Rate Income Fund Class R (PFLLX)
| Fund Assets | 290.97M |
| Expense Ratio | 1.25% |
| Min. Investment | $500 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 6.13% |
| Dividend Growth | -6.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 7.64 |
| YTD Return | -1.40% |
| 1-Year Return | 3.15% |
| 5-Year Return | 19.56% |
| 52-Week Low | 7.62 |
| 52-Week High | 7.96 |
| Beta (5Y) | n/a |
| Holdings | 232 |
| Inception Date | Sep 7, 2004 |
About PFLLX
Putnam Floating Rate Income Fund Class R is a mutual fund that seeks high current income by primarily investing in floating-rate bank loans. These loans have yields set at a margin above short-term interest rates, with rates that adjust when market conditions change. The fund benefits from a diverse portfolio of approximately 245 bank loan holdings selected through rigorous credit research. With an effective duration of approximately 0.20 years, the fund exhibits minimal sensitivity to interest rate changes, positioning it to potentially perform well during periods of rising rates as loan yields adjust upward. The fund's credit quality is concentrated in lower-rated segments, with significant holdings in BB and B-rated loans, reflecting the higher yield potential of floating-rate bank loans. Monthly distributions provide regular income to shareholders. The fund operates within the Bank Loan category and uses the Morningstar LSTA US Leveraged Loan Index as its benchmark, serving income-focused investors seeking to benefit from floating-rate instruments in the leveraged loan market.
Performance
PFLLX had a total return of 3.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.36%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.03988 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03816 | Feb 27, 2026 |
| 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 |