Putnam Floating Rate Income benefits from experienced and stable management, but its undistinctive process has failed to stand out among its peers, supporting a Morningstar Analyst Rating of Neutral for most share classes and a Negative rating for its expensive C share class.
Will PFICX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PFICX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PFICX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PFICX’s parent organization’s priorities and whether they’re in line with investors’ interests.