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.
NAV / 1-Day Return
7.77 / 0.00
Adj. Expense Ratio
Distribution Fee Level
Share Class Type
Credit Quality / Interest Rate SensitivityLow / Limited
Min. Initial Investment
Morningstar’s Analysis PFLLX
Will PFLLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.