Morningstar

Putnam Floating Rate Income Fund Class R PFLLX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.66  /  0.00
  • Total Assets 270.6M
  • Adj. Expense Ratio
    1.230%
  • Expense Ratio 1.230%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Medium
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 6.58%
  • Effective Duration 0.12 years

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PFLLX

Will PFLLX outperform in the 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 looking for an edge.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

Putnam Floating Rate Income’s expanded resources improve the team’s depth, but its conventional approach and mixed execution limit the strategy’s appeal among bank-loan peers.

by Saraja Samant
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 14.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Putnam Fds Tr

4.81 13M
—

Bausch + Lomb Corp 6.5% 01/08/2031 2025-2 Refinancing Term Loans

1.14 3M
Corporate

Kenan Advantage Group Inc/The 6.5% 01/25/2029 U.S. Term B-4 Loans

1.09 3M
Corporate

Venture Global Calcasieu Pass Holding Llc 6.5% 04/11/2033 Initial Term Loan

1.05 3M
Corporate

Chariot Buyer Llc 6.5% 09/08/2032 Initial Term Loan

1.05 3M
Corporate

Igt Holding Iv Ab 6.5% 06/23/2031 Term Loan B7

1.05 3M
Corporate

Great Outdoors Group LLC ASHCO Inc Huntsman Holdings LLC 6.5% 01/16/2032 Te

1.04 3M
Corporate

AMERICAN AIRLINES INC 6.5% 06/04/2029 2024 Replacement Term Loan

1.04 3M
Corporate

Zuffa Llc 6.5% 10/20/2031 Term B-7 Loan

0.99 3M
Corporate

Altar BidCo Inc (Brooks Automation) 6.5% 02/01/2030 Initial Term Loans (2nd

0.99 3M
Corporate

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