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Putnam Floating Rate Income Y PFRYX

Analyst rating as of
NAV / 1-Day Return
8.29  /  0.01 %
Total Assets
466.6 Mil
Adj. Expense Ratio
0.790%
Expense Ratio
0.790%
Fee Level
Above Average
Longest Manager Tenure
16.83 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
2.86%
Effective Duration
0.04 years
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Morningstar’s Analysis

Will PFRYX outperform in future?

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

A slim team, pulled in too many directions, manages this bank loan fund.

Senior Analyst

Summary

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The team behind Putnam Floating Rate Income is stretched thin following a few years of significant turnover. It is being consciously downsized, 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 other share classes.

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