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Putnam Floating Rate Income B PFRBX

Analyst rating as of
NAV / 1-Day Return
8.25  /  0.02 %
Total Assets
381.2 Mil
Adj. Expense Ratio
1.230%
Expense Ratio
1.230%
Fee Level
Low
Longest Manager Tenure
16.13 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
0
Status
Closed
TTM Yield
2.45%
Effective Duration
0.10 years
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Morningstar’s Analysis

Will PFRBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Unadventurous portfolio positioning leads to a run-of-the-mill bank loan strategy.

Summary

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Putnam Floating Rate Income benefits from experienced and stable management, but its undistinctive process has failed to stand out among its peers, supporting a Morningstar Analyst Rating of Neutral for most share classes and a Negative rating for its expensive C share class.

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