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Putnam Floating Rate Income R PFLLX

Analyst rating as of
NAV / 1-Day Return
7.77  /  0.00
Total Assets
387.6 Mil
Adj. Expense Ratio
Expense Ratio
Distribution Fee Level
Below Average
Share Class Type
Retirement, Medium
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
TTM Yield
Effective Duration
0.07 years

Morningstar’s Analysis PFLLX

Will PFLLX outperform in future?

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

A slim team, pulled in too many directions, manages this bank loan fund.

Senior Analyst



Putnam has hired two new credit analysts and plans to hire more in 2022, but the team behind Putnam Floating Rate Income is stretched following a few years of significant turnover, and its undistinctive process has failed to stand out among its peers. The strategy earns a Morningstar Analyst Rating of Neutral for the Y and R6 share classes and Negative for the others.

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