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Morningstar

Putnam Floating Rate Income R PFLLX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.98  /  +0.06 %
  • Total Assets 379.6 Mil
  • Adj. Expense Ratio
    1.290%
  • Expense Ratio 1.290%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Medium
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 500
  • Status Open
  • TTM Yield 8.48%
  • Effective Duration 0.10 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PFLLX

Will PFLLX outperform in future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PFLLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PFLLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PFLLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still has a way to go.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Putnam Floating Rate Income is heading in the right direction, but the team still needs to reach industry standards.

by Mike Mulach
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PFLLX

More PFLLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

6.66 25.5 Mil
Cash and Equivalents

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MCAFEE CORP TLB S+325 08.5749 03/01/2029

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Scientific Games Tlb S+300 08.3276 04/04/2029

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FERTITTA ENTERTAINMENT TLB S+375 9.07632 1/27/2029

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