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Putnam Floating Rate Income R PFLLX

Analyst rating as of
NAV / 1-Day Return
8.04  /  0.23 %
Total Assets
340.0 Mil
Adj. Expense Ratio
1.280%
Expense Ratio
1.280%
Fee Level
Average
Longest Manager Tenure
15.52 years
Category
US Fund Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
3.53%
Effective Duration
0.10 years
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Morningstar’s Analysis

Will PFLLX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Recent analyst churn and standard process offset an experienced and stable management team.

Senior Analyst

Summary

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While the managers backing Putnam Floating Rate Income are experienced, the team of analysts supporting the strategy has been in flux recently. Coupled with an undistinctive process that has led to mediocre long-term returns, it supports a Morningstar Analyst Rating of Neutral for all share classes but one that receives a Negative rating due to its high price.

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