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Putnam Floating Rate Income Fund
mutual fund
PFLLX
Payout Change
Pending
Price as of:
$7.99
+0.0
+0.0%
primary theme
Bank Loan
share class
PFLLX (Mutual Fund)
Putnam Floating Rate Income Fund
Payout Change
Pending
Price as of:
$7.99
+0.0
+0.0%
primary theme
Bank Loan
share class
PFLLX (Mutual Fund)
Putnam Floating Rate Income Fund
Payout Change
Pending
Price as of:
$7.99
+0.0
+0.0%
primary theme
Bank Loan
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.8%
1 yr return
7.8%
3 Yr Avg Return
5.8%
5 Yr Avg Return
4.1%
Net Assets
$370 M
Holdings in Top 10
16.4%
52 WEEK LOW AND HIGH
$8.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 32.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PFLLX - Profile
Distributions
- YTD Total Return 7.8%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 4.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio N/A
- Dividend Yield 6.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePutnam Floating Rate Income Fund
-
Fund Family NamePutnam Family of Funds
-
Inception DateJul 22, 2011
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNorman Boucher
Fund Description
Investments
We invest mainly in corporate loans and debt securities that have floating rates of interest and other corporate debt securities. Under normal circumstances, the fund will invest at least 80% of its net assets in income-producing floating rate loans and other floating rate debt securities. This policy may be changed only after 60 days’ notice to shareholders. We invest mainly in obligations of U.S. issuers that are below- investment-grade in quality (having credit characteristics similar to “junk bonds”). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options, warrants, certain foreign currency transactions, and credit default, total return and interest rate swap contracts for both hedging and non-hedging purposes.
PFLLX - Performance
Return Ranking - Trailing
| Period | PFLLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.8% | -4.6% | 10.5% | 64.53% |
| 1 Yr | 7.8% | -4.4% | 11.0% | 64.91% |
| 3 Yr | 5.8%* | -6.8% | 8.3% | 42.69% |
| 5 Yr | 4.1%* | -4.7% | 38.1% | 64.73% |
| 10 Yr | 3.6%* | -0.3% | 20.0% | 65.38% |
* Annualized
Return Ranking - Calendar
| Period | PFLLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.0% | -12.0% | 11.1% | 50.94% |
| 2022 | -6.1% | -22.9% | 5.1% | 24.81% |
| 2021 | 0.4% | -12.2% | 11.1% | 84.92% |
| 2020 | -2.4% | -14.1% | 289.8% | 43.39% |
| 2019 | 3.2% | -8.1% | 7.5% | 38.30% |
Total Return Ranking - Trailing
| Period | PFLLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.8% | -4.6% | 10.5% | 64.53% |
| 1 Yr | 7.8% | -4.4% | 11.0% | 64.91% |
| 3 Yr | 5.8%* | -6.8% | 8.3% | 42.69% |
| 5 Yr | 4.1%* | -4.7% | 38.1% | 64.73% |
| 10 Yr | 3.6%* | -0.3% | 20.0% | 65.38% |
* Annualized
Total Return Ranking - Calendar
| Period | PFLLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.9% | -12.0% | 22.1% | 35.09% |
| 2022 | -1.7% | -22.9% | 5.1% | 32.95% |
| 2021 | 3.0% | -10.2% | 11.1% | 89.68% |
| 2020 | 0.8% | -8.8% | 306.9% | 69.83% |
| 2019 | 7.7% | -3.6% | 12.1% | 45.96% |
NAV & Total Return History
PFLLX - Holdings
Concentration Analysis
| PFLLX | Category Low | Category High | PFLLX % Rank | |
|---|---|---|---|---|
| Net Assets | 370 M | 29.9 M | 13.5 B | 65.64% |
| Number of Holdings | 239 | 2 | 2051 | 80.16% |
| Net Assets in Top 10 | 62.6 M | -191 M | 2.37 B | 60.70% |
| Weighting of Top 10 | 16.37% | 5.2% | 100.7% | 31.64% |
Top 10 Holdings
- SHORT TERM INV FUND 9.05%
- BANK LOAN NOTE 1.01%
- BANK LOAN NOTE 0.83%
- BANK LOAN NOTE 0.81%
- BANK LOAN NOTE 0.79%
- BANK LOAN NOTE 0.78%
- BANK LOAN NOTE 0.78%
- BANK LOAN NOTE 0.77%
- BANK LOAN NOTE 0.77%
- BANK LOAN NOTE 0.77%
Asset Allocation
| Weighting | Return Low | Return High | PFLLX % Rank | |
|---|---|---|---|---|
| Bonds | 90.34% | 0.00% | 161.82% | 85.99% |
| Cash | 9.50% | -61.90% | 16.36% | 10.89% |
| Other | 0.17% | -52.39% | 26.58% | 36.96% |
| Stocks | 0.00% | 0.00% | 100.70% | 93.00% |
| Preferred Stocks | 0.00% | -3.99% | 7.54% | 62.26% |
| Convertible Bonds | 0.00% | 0.00% | 5.51% | 62.75% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PFLLX % Rank | |
|---|---|---|---|---|
| Corporate | 93.36% | 0.00% | 99.80% | 27.84% |
| Cash & Equivalents | 9.05% | 0.00% | 25.03% | 9.34% |
| Derivative | 0.17% | -11.46% | 0.67% | 14.01% |
| Securitized | 0.00% | 0.00% | 91.68% | 65.88% |
| Municipal | 0.00% | 0.00% | 0.47% | 43.14% |
| Government | 0.00% | 0.00% | 3.18% | 52.16% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PFLLX % Rank | |
|---|---|---|---|---|
| US | 90.34% | 0.00% | 124.50% | 56.81% |
| Non US | 0.00% | 0.00% | 63.23% | 64.20% |
PFLLX - Expenses
Operational Fees
| PFLLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.29% | 0.03% | 5.51% | 42.05% |
| Management Fee | 0.56% | 0.00% | 1.89% | 23.48% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 63.16% |
| Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
| PFLLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| PFLLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 65.12% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PFLLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 32.00% | 4.00% | 180.00% | 16.53% |
PFLLX - Distributions
Dividend Yield Analysis
| PFLLX | Category Low | Category High | PFLLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.34% | 0.00% | 11.13% | 40.75% |
Dividend Distribution Analysis
| PFLLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| PFLLX | Category Low | Category High | PFLLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | 1.77% | 9.82% | 88.70% |
Capital Gain Distribution Analysis
| PFLLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.042 | OrdinaryDividend |
| Oct 31, 2024 | $0.046 | OrdinaryDividend |
| Sep 30, 2024 | $0.047 | OrdinaryDividend |
| Aug 30, 2024 | $0.048 | OrdinaryDividend |
| Jul 31, 2024 | $0.049 | OrdinaryDividend |
| Apr 30, 2024 | $0.051 | OrdinaryDividend |
| Mar 28, 2024 | $0.053 | OrdinaryDividend |
| Feb 29, 2024 | $0.054 | OrdinaryDividend |
| Jan 31, 2024 | $0.055 | OrdinaryDividend |
| Dec 29, 2023 | $0.057 | OrdinaryDividend |
| Nov 30, 2023 | $0.059 | OrdinaryDividend |
| Oct 31, 2023 | $0.061 | OrdinaryDividend |
| Sep 29, 2023 | $0.062 | OrdinaryDividend |
| Aug 31, 2023 | $0.061 | OrdinaryDividend |
| Jul 31, 2023 | $0.060 | OrdinaryDividend |
| Jun 30, 2023 | $0.059 | OrdinaryDividend |
| May 31, 2023 | $0.057 | OrdinaryDividend |
| Apr 28, 2023 | $0.056 | OrdinaryDividend |
| Mar 31, 2023 | $0.054 | OrdinaryDividend |
| Feb 28, 2023 | $0.051 | OrdinaryDividend |
| Jan 31, 2023 | $0.048 | OrdinaryDividend |
| Dec 30, 2022 | $0.045 | OrdinaryDividend |
| Nov 30, 2022 | $0.041 | OrdinaryDividend |
| Oct 31, 2022 | $0.037 | OrdinaryDividend |
| Sep 30, 2022 | $0.035 | OrdinaryDividend |
| Aug 31, 2022 | $0.031 | OrdinaryDividend |
| Jul 29, 2022 | $0.027 | OrdinaryDividend |
| Jun 30, 2022 | $0.025 | OrdinaryDividend |
| May 31, 2022 | $0.022 | OrdinaryDividend |
| Apr 29, 2022 | $0.020 | OrdinaryDividend |
| Mar 31, 2022 | $0.020 | OrdinaryDividend |
| Feb 28, 2022 | $0.019 | OrdinaryDividend |
| Jan 31, 2022 | $0.019 | OrdinaryDividend |
| Dec 31, 2021 | $0.019 | OrdinaryDividend |
| Nov 30, 2021 | $0.018 | OrdinaryDividend |
| Oct 29, 2021 | $0.018 | OrdinaryDividend |
| Sep 30, 2021 | $0.017 | OrdinaryDividend |
| Aug 31, 2021 | $0.016 | OrdinaryDividend |
| Jul 30, 2021 | $0.016 | OrdinaryDividend |
| Jun 30, 2021 | $0.015 | OrdinaryDividend |
| May 28, 2021 | $0.015 | OrdinaryDividend |
| Apr 30, 2021 | $0.015 | OrdinaryDividend |
| Mar 31, 2021 | $0.015 | OrdinaryDividend |
| Feb 26, 2021 | $0.015 | OrdinaryDividend |
| Jan 29, 2021 | $0.016 | OrdinaryDividend |
| Dec 31, 2020 | $0.016 | OrdinaryDividend |
| Nov 30, 2020 | $0.016 | OrdinaryDividend |
| Oct 30, 2020 | $0.017 | OrdinaryDividend |
| Sep 30, 2020 | $0.015 | OrdinaryDividend |
| Aug 31, 2020 | $0.015 | OrdinaryDividend |
| Jul 31, 2020 | $0.016 | OrdinaryDividend |
| Jun 30, 2020 | $0.018 | OrdinaryDividend |
| May 29, 2020 | $0.024 | OrdinaryDividend |
| Apr 30, 2020 | $0.023 | OrdinaryDividend |
| Mar 31, 2020 | $0.023 | OrdinaryDividend |
| Feb 28, 2020 | $0.003 | ReturnOfCapital |
| Feb 28, 2020 | $0.021 | OrdinaryDividend |
| Jan 31, 2020 | $0.004 | ReturnOfCapital |
| Jan 31, 2020 | $0.022 | OrdinaryDividend |
| Dec 31, 2019 | $0.027 | OrdinaryDividend |
| Nov 29, 2019 | $0.028 | OrdinaryDividend |
| Oct 31, 2019 | $0.029 | OrdinaryDividend |
| Sep 30, 2019 | $0.031 | OrdinaryDividend |
| Aug 30, 2019 | $0.031 | OrdinaryDividend |
| Jul 31, 2019 | $0.031 | OrdinaryDividend |
| Dec 26, 2007 | $0.052 | DailyAccrualFund |
PFLLX - Fund Manager Analysis
Managers
Norman Boucher
Start Date
Tenure
Tenure Rank
Jan 22, 2008
14.36
14.4%
Norman is responsible for managing the cyclical part of Putnam’s high-yield portfolios. He joined Putnam as an Analyst covering the automotive, aerospace, and technology sectors. He served as a Portfolio Manager on the U.S. High Yield group before moving to Putnam’s London office to manage European high-yield portfolios. He rejoined the U.S. High Yield team in 2005. Norman joined Putnam in 1998 and has been in the investment industry since 1985.
Robert Salvin
Start Date
Tenure
Tenure Rank
Jan 22, 2008
14.36
14.4%
Mr. Salvin is a Portfolio Manager of Putnam's global credit strategies. He is responsible for managing convertible securities, U.S. high-yield, global high-yield, and floating rate loan strategies. Mr. Salvin joined Putnam in 2000 and has been in the investment industry since 1986. Prior to joining Putnam, Mr. Salvin was a Managing Director at BancBoston Robertson Stephens from 1997 to 1999, a Director at SBC Warburg Inc. from 1996 to 1997, an Associate at Chase Securities from 1993 to 1996, and an Analyst at Broadview Associates from 1986 to 1991.
Scott D’Orsi
Start Date
Tenure
Tenure Rank
Mar 31, 2022
0.17
0.2%
Scott D’Orsi is the Portfolio Manager at The Putnam Advisory Company, LLC since 2021. He was Director of CLO Portfolio and Manager and Head of Liquid Loans at First Eagle Investment Management from 2004 to 2020.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 21.18 | 6.08 | 3.25 |
