Putnam Floating Rate Income R (PFLLX)

Fund Assets	266.04M
Expense Ratio	1.23%
Min. Investment	$500
Turnover	34.00%
Dividend (ttm)	0.49
Dividend Yield	6.45%
Dividend Growth	-2.92%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	7.58
YTD Return	1.57%
1-Year Return	3.26%
5-Year Return	21.16%
52-Week Low	7.58
52-Week High	7.86
Beta (5Y)	0.32
Holdings	211
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.

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

Performance

PFLLX had a total return of 3.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.44%.

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	$0.03754	Sep 30, 2026
Aug 31, 2026	$0.03702	Aug 31, 2026
Jul 31, 2026	$0.04252	Jul 31, 2026
Jun 30, 2026	$0.0405	Jun 30, 2026
May 29, 2026	$0.04148	May 29, 2026
Apr 30, 2026	$0.03871	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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