Putnam Floating Rate Income Fund Class Y (PFRYX)
| Fund Assets | 300.63M |
| Expense Ratio | 0.75% |
| Min. Investment | $500 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 7.07% |
| Dividend Growth | -10.30% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.76 |
| YTD Return | -0.42% |
| 1-Year Return | 4.00% |
| 5-Year Return | 28.72% |
| 52-Week Low | 7.25 |
| 52-Week High | 7.81 |
| Beta (5Y) | 0.13 |
| Holdings | 241 |
| Inception Date | Oct 4, 2005 |
About PFRYX
Putnam Floating Rate Income Fund - Class Y is an actively managed **fixed income mutual fund** focused on generating **high current income**, with capital preservation as a secondary objective. The fund primarily invests in **senior secured bank loans** whose interest payments reset at a spread over short‑term benchmark rates, allowing coupons to adjust as interest rates change. This floating‑rate structure contributes to a very **low interest-rate duration**, recently around 0.20 years, which helps limit sensitivity to rate movements. The portfolio is broadly diversified, holding roughly **two hundred fifty loan positions** across issuers and industries, and is benchmarked to the **Morningstar LSTA US Leveraged Loan Index**. Credit exposure is concentrated in **below‑investment‑grade corporate borrowers**, mainly in the **BB and B rating tiers**, reflecting its leveraged loan strategy. The fund distributes income on a **monthly** basis using a daily accrual approach, playing a role as a **specialized credit and floating‑rate allocation** within the broader fixed income segment of multi-asset portfolios.
Performance
PFRYX had a total return of 4.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.43%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0469 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0462 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0434 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04965 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04415 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04954 | Aug 29, 2025 |