Putnam Floating Rate Income Fund Class R6 Shares (PFRZX)
| Fund Assets | 300.63M |
| Expense Ratio | 0.69% |
| Min. Investment | $500 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 7.13% |
| Dividend Growth | -10.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.76 |
| YTD Return | -0.42% |
| 1-Year Return | 4.06% |
| 5-Year Return | 29.11% |
| 52-Week Low | 7.25 |
| 52-Week High | 7.81 |
| Beta (5Y) | n/a |
| Holdings | 241 |
| Inception Date | May 22, 2018 |
About PFRZX
Putnam Floating Rate Income Fund Class R6 is an open‑end mutual fund focused on generating **high current income**, with **preservation of capital** as a secondary objective. The fund primarily invests in **senior bank loans** and other floating rate debt instruments, whose interest payments periodically adjust based on short‑term reference rates, helping the portfolio respond to changes in prevailing interest rates. By emphasizing secured, senior loans in the capital structure, the strategy targets issuers with collateralized obligations across diversified corporate sectors. The floating rate structure reduces the fund’s sensitivity to traditional interest rate risk compared with fixed‑rate bond strategies, giving it a distinct role within the broader income and credit markets. Class R6 shares are typically designed for institutional or retirement platforms, featuring a streamlined fee structure and no sales loads, which supports efficient access to the fund’s specialized bank loan exposure. Overall, Putnam Floating Rate Income Fund Class R6 serves as a dedicated tool for investors seeking exposure to floating rate credit within a professionally managed portfolio.
Performance
PFRZX had a total return of 4.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.54%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04726 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0465 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0438 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0501 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04454 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04997 | Aug 29, 2025 |