Skip to Content

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
1.250%
Distribution Fee Level
Below Average
Share Class Type
Retirement, Medium
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
3.51%
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

Summary

|

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.

Unlock our full analysis with Morningstar Investor