Putnam Floating Rate Income Fund Class A (PFLRX)
| Fund Assets | 300.63M |
| Expense Ratio | 1.04% |
| Min. Investment | $500 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 6.66% |
| Dividend Growth | -10.55% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.93 |
| YTD Return | -0.43% |
| 1-Year Return | 3.78% |
| 5-Year Return | 26.41% |
| 52-Week Low | 7.44 |
| 52-Week High | 7.99 |
| Beta (5Y) | n/a |
| Holdings | 241 |
| Inception Date | Aug 4, 2004 |
About PFLRX
Putnam Floating Rate Income Fund Class A is a mutual fund that seeks high current income, with preservation of capital as a secondary objective. The fund primarily invests in floating-rate bank loans and other floating-rate debt securities, mainly issued by U.S. corporations and typically rated below investment grade. These loans generally pay interest at rates that reset periodically based on short-term reference rates such as SOFR or LIBOR, plus a credit spread, which helps reduce interest-rate sensitivity compared to traditional fixed-rate bonds. The fund maintains a diversified portfolio of senior secured loans and other floating-rate instruments across a range of industries, including consumer cyclicals, technology, and basic materials. With a focus on credit selection and risk management, the fund aims to generate attractive income in various rate environments while maintaining relatively low effective duration. It is categorized as a bank loan fund and is designed for investors seeking income with lower exposure to rising interest rates.
Performance
PFLRX had a total return of 3.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.81%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04524 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0445 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0419 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04788 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04257 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04781 | Aug 29, 2025 |