Putnam Floating Rate Income Fund Class A (PFLRX)

Fund Assets	266.04M
Expense Ratio	0.98%
Min. Investment	$500
Turnover	34.00%
Dividend (ttm)	0.51
Dividend Yield	6.70%
Dividend Growth	-2.96%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	7.58
YTD Return	1.08%
1-Year Return	2.95%
5-Year Return	21.90%
52-Week Low	7.58
52-Week High	7.86
Beta (5Y)	0.33
Holdings	211
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.

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

Performance

PFLRX had a total return of 2.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.52%.

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	$0.03918	Sep 30, 2026
Aug 31, 2026	$0.03854	Aug 31, 2026
Jul 31, 2026	$0.04424	Jul 31, 2026
Jun 30, 2026	$0.04207	Jun 30, 2026
May 29, 2026	$0.04311	May 29, 2026
Apr 30, 2026	$0.04027	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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