Putnam Floating Rate Income Fund Class A (PFLRX)
| Fund Assets | 279.95M |
| Expense Ratio | 1.04% |
| Min. Investment | $500 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 6.69% |
| Dividend Growth | -4.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 7.67 |
| YTD Return | -0.44% |
| 1-Year Return | 3.13% |
| 5-Year Return | 21.67% |
| 52-Week Low | 7.62 |
| 52-Week High | 7.96 |
| Beta (5Y) | n/a |
| Holdings | 229 |
| 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 3.13% 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 High Income Fund - Class C | 1.77% |
| FIQSX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class Z | 0.67% |
| FFRIX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class I | 0.77% |
| FFRTX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class M | 1.02% |
| FFRHX | Fidelity | Fidelity Floating Rate High Income Fund | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.04027 | Apr 30, 2026 |
| Mar 31, 2026 | $0.04146 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03965 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04524 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0445 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0419 | Nov 28, 2025 |