Putnam Floating Rate Income Fund

3 / 5 Stars
3 4 4 5 3
Zacks Investment Research
4 (Sell)
Standard & Poor's
C (Hold)

U.S. News evaluated 50 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Putnam funds

See full Bank Loan rankings

See more fund rankings


The fund has returned 4.79 percent over the past year, 5.02 percent over the past three years, and 10.73 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 0.7%
1 Year 4.8%
3 Years (Annualized) 5.0%
5 Years (Annualized) 10.7%
10 Years (Annualized) N/A

See more PFLRX performance


The investment seeks high current income, while preservation of capital is a secondary goal. The fund invests mainly in corporate loans and debt securities that have floating rates of interest and other corporate debt securities. It invests mainly in obligations of U.S. issuers that are below-investment-grade in quality (having credit characteristics similar to "junk bonds"). The adviser 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.


Fees are Low compared to funds in the same category.
Putnam Floating Rate Income Fund has an expense ratio of 1.03 percent.

See more PFLRX fees


Risk is Average compared to funds in the same category according to Morningstar.

See more PFLRX risk