Putnam Floating Rate Income R6 (PFRZX)

Fund Assets	269.33M
Expense Ratio	0.67%
Min. Investment	$500
Turnover	34.00%
Dividend (ttm)	0.55
Dividend Yield	7.10%
Dividend Growth	-2.01%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	7.68
YTD Return	2.11%
1-Year Return	3.87%
5-Year Return	27.32%
52-Week Low	7.62
52-Week High	7.94
Beta (5Y)	n/a
Holdings	215
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.

• Fund Family: Franklin Templeton Investments
• Category: Bank Loan
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PFRZX
• Index: Morningstar LSTA US Leveraged Loan TR USD

Performance

PFRZX had a total return of 3.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.55%.

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
Jul 31, 2026	$0.0465	Jul 31, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error