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Putnam Floating Rate Income R PFLLX

Analyst rating as of
NAV / 1-Day Return
8.27  /  0.01 %
Total Assets
452.4 Mil
Adj. Expense Ratio
1.290%
Expense Ratio
1.290%
Fee Level
Above Average
Longest Manager Tenure
16.60 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
2.28%
Effective Duration
0.04 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.

Unadventurous portfolio positioning leads to a run-of-the-mill bank loan strategy.

Summary

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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.

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