Putnam Floating Rate Income Fund (PFLLX)
| Fund Assets | 272.88M |
| Expense Ratio | 1.25% |
| Min. Investment | $500 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 6.56% |
| Dividend Growth | -2.51% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 7.66 |
| YTD Return | 1.08% |
| 1-Year Return | 2.76% |
| 5-Year Return | 21.30% |
| 52-Week Low | 7.62 |
| 52-Week High | 7.96 |
| Beta (5Y) | 0.32 |
| Holdings | 224 |
| 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 2.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.47%.
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 | $0.0405 | Jun 30, 2026 |
| May 29, 2026 | $0.04148 | May 29, 2026 |
| Apr 30, 2026 | $0.03871 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03988 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03816 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04361 | Jan 30, 2026 |