Putnam Floating Rate Income Fund (PFRZX)
| Fund Assets | 272.88M |
| Expense Ratio | 0.69% |
| Min. Investment | $500 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 7.13% |
| Dividend Growth | -2.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 7.66 |
| YTD Return | 1.24% |
| 1-Year Return | 3.33% |
| 5-Year Return | 26.07% |
| 52-Week Low | 7.62 |
| 52-Week High | 7.97 |
| Beta (5Y) | n/a |
| Holdings | 224 |
| Inception Date | May 22, 2018 |
About PFRZX
Putnam Floating Rate Income Fund Class R6 is a mutual fund that seeks high current income through investments in floating-rate bank loans. The fund primarily holds corporate bank loans with yields that adjust above short-term interest rates, allowing returns to increase when interest rates rise. This structure provides the fund with potential protection during periods of rising rates, as loan yields automatically adjust higher and become more attractive to investors. The fund maintains a diversified portfolio of bank loans across multiple sectors, including consumer cyclicals, technology, basic materials, and capital goods. With a focus on credit research and careful loan selection, the fund targets investors seeking regular income distributions while understanding that capital preservation remains a secondary objective. The fund's portfolio consists of loans typically rated below investment grade, which carry higher default risk but offer corresponding yield advantages. Monthly distributions provide regular income to shareholders.
Performance
PFRZX had a total return of 3.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.51%.
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 | 1.77% |
| FIQSX | Fidelity | Fidelity Advisor Floating Rate Hi Inc Z | 0.67% |
| FFRIX | Fidelity | Fidelity Advisor Floating Rate Hi Inc I | 0.77% |
| FFRTX | Fidelity | Fidelity Advisor Floating Rate Hi Inc M | 1.02% |
| FFRHX | Fidelity | Fidelity Floating Rate High Income Fund | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.04412 | Jun 30, 2026 |
| May 29, 2026 | $0.04513 | May 29, 2026 |
| Apr 30, 2026 | $0.04222 | Apr 30, 2026 |
| Mar 31, 2026 | $0.04341 | Mar 31, 2026 |
| Feb 27, 2026 | $0.04152 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04726 | Jan 30, 2026 |