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Morningstar

Putnam Floating Rate Income A PFLRX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 7.93  /  0.08 %
  • Total Assets 374.2 Mil
  • Adj. Expense Ratio
    1.030%
  • Expense Ratio 1.030%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 500
  • Status Open
  • TTM Yield 7.42%
  • Effective Duration 0.13 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis PFLRX

Will PFLRX 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 PFLRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PFLRX 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 PFLRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Positive changes.

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

Putnam Floating Rate Income benefited from positive changes in the team helming this bank loan strategy during 2022. A new dedicated team of loan managers and analysts was created, centered around three veterans who joined the firm in 2021, each with extensive experience in the sector. It’s too soon to gauge this team’s effectiveness, so the strategy maintains a Morningstar Analyst Rating of Neutral for the Y and R6 share classes and Negative for the other share classes.

by Peter Marchese
Rated on Published on

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Portfolio Holdings PFLRX

More PFLRX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 222
  • Other Holdings 2
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

8.36
31,094,715
Cash and Equivalents

Garda World Tlb2 S+c+425 09.1706 10/30/2026

0.84
3,107,378
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NIELSEN TLB S+C+500 09.0190 04/11/2029

0.82
3,031,539
Corporate

CITRIX TLB S+C+450 09.03436 03/30/2029

0.81
3,026,822
Corporate

MCAFEE TLB S+C+375 6.3621 02/02/2029

0.80
2,963,142
Corporate

IGT HOLDING IFS S+365 08.95989 03/31/2028

0.80
2,961,489
Corporate

PRO MACH GROUP TLB S+C+400 09.26874 08/13/2028

0.80
2,960,272
Corporate

SCIENTIFIC GAMES LOTTERY TLB S+350 04.0000 02/04/2029

0.80
2,959,814
Corporate

MOZART BORROWER LP S+C+325 08.3924 09/30/2028

0.80
2,959,093
Corporate

PAREXEL PHOENIX NEW S+C+325 08.4568 08/11/2028

0.79
2,951,776
Corporate