Morningstar

Putnam Floating Rate Income Fund Class A PFLRX

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  • NAV / 1-Day Return $7.56  /  −0.13 %
  • Fund Size $265.0M
  • Adjusted Expense Ratio 0.980%
  • Net Expense Ratio 0.980%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 6.66%
  • Average Effective Duration 0.12 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PFLRX

Will PFLRX 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 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.

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

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Portfolio Holdings PFLRX

More PFLRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Putnam Fds Tr

6.84 18M
—

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

1.16 3M
Corporate

CSDC Finance I LLC 7.875% 10/01/2031 144A

1.12 3M
Corporate

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

1.11 3M
Corporate

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

1.08 3M
Corporate

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

1.08 3M
Corporate

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

1.08 3M
Corporate

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

1.08 3M
Corporate

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

1.07 3M
Corporate

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

1.07 3M
Corporate

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