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Morningstar

Putnam Floating Rate Income B PFRBX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 7.92  /  0.02 %
  • Total Assets 373.2 Mil
  • Adj. Expense Ratio
    1.230%
  • Expense Ratio 1.230%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment —
  • Status Closed
  • TTM Yield 8.58%
  • Effective Duration 0.17 years

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:15 PM GMT+0

Morningstar’s Analysis PFRBX

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

People Pillar

The People Pillar is our evaluation of the PFRBX 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 PFRBX’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 PFRBX

More PFRBX Holdings
  • Current Portfolio Date
  • Equity Holdings 2
  • Bond Holdings 228
  • Other Holdings 1
  • % Assets in Top 10 Holdings 7.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

8.57
31,882,789
Cash and Equivalents

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

0.83
3,100,494
Corporate

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

0.80
2,984,828
Corporate

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

0.79
2,948,979
Corporate

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

0.79
2,939,287
Corporate

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

0.79
2,934,699
Corporate

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

0.78
2,917,324
Corporate

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

0.78
2,916,926
Corporate

GREAT OUTDOORS TLB1 S+C+375 8.8924 03/05/2028

0.78
2,900,352
Corporate

NIELSEN TLB S+C+500 09.0190 04/11/2029

0.78
2,898,606
Corporate