Putnam Floating Rate Income Fund (PFRZX)
| Fund Assets | 308.62M |
| Expense Ratio | 0.69% |
| Min. Investment | $500 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 6.98% |
| Dividend Growth | -13.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 7.86 |
| YTD Return | 0.38% |
| 1-Year Return | 5.34% |
| 5-Year Return | 30.46% |
| 52-Week Low | 7.29 |
| 52-Week High | 7.86 |
| Beta (5Y) | n/a |
| Holdings | 243 |
| 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 5.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.68%.
Top 10 Holdings
10.79% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash And Equivalents | n/a | 2.59% |
| Garda World Tlb S+300 07.3086 02/01/2029 | n/a | 0.96% |
| Kenan Advantage Tlb4 S+325 08.5937 01/25/2029 | n/a | 0.93% |
| Ifs Tlb5 S+300 07.1585 08/04/2031 | n/a | 0.92% |
| RESTORATION HARDWAR S+C+325 08.1395 10/20/2028 | RH.L 10.20.28 2 | 0.91% |
| AMERICAN AIRLINES S+225 06.58249 05/29/2029 | AAL.L 06.04.29 1 | 0.91% |
| Chamberlain Group S+300 06.9157 07/22/2032 | n/a | 0.91% |
| GREAT OUTDOORS TLB S+325 07.5521 01/16/2032 | BASSPR.L 01.23.32 7 | 0.90% |
| SCIENTIFIC GAMES TLB S+300 08.3276 04/04/2029 | SCGALO.L 04.04.29 4 | 0.90% |
| MADISON IAQ TL S+250 08.33367 06/15/2028 | MADIAQ.L 06.21.28 5 | 0.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jul 31, 2025 | $0.04781 | Jul 31, 2025 |