Putnam Floating Rate Income Fund (PFLRX)
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 will invest at least 80% of its net assets in income-producing floating rate loans and other floating rate debt securities. The fund invests mainly in obligations of U.S. issuers that are below-investment-grade in quality. 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.
Expense Ratio
PFLRX has a high expense ratio of 1.03%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam Floating Rate Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Putnam Floating Rate Income Fund had a return of 0.39% year-to-date (YTD) and 7.83% in the last 12 months. Over the past 10 years, Putnam Floating Rate Income Fund had an annualized return of 3.93%, while the S&P 500 had an annualized return of 11.31%, indicating that Putnam Floating Rate Income Fund did not perform as well as the benchmark.
PFLRX
0.39%
0.26%
3.62%
7.83%
4.49%
3.93%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PFLRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.64% | 0.39% | |||||||||||
| 2024 | 0.45% | 0.71% | 0.94% | 0.42% | 0.78% | 0.27% | 0.88% | 0.63% | 0.48% | 0.59% | 1.06% | 0.29% | 7.77% |
| 2023 | 2.84% | 0.17% | 0.21% | 0.73% | -0.14% | 2.21% | 1.30% | 1.05% | 0.55% | -0.21% | 1.68% | 1.76% | 12.79% |
| 2022 | 0.13% | -0.59% | -0.10% | -0.10% | -2.66% | -2.84% | 2.73% | 1.18% | -2.34% | 1.15% | 1.47% | 0.48% | -1.64% |
| 2021 | 0.70% | 0.33% | -0.28% | 0.45% | 0.33% | 0.33% | -0.14% | 0.34% | 0.59% | 0.00% | -0.36% | 0.73% | 3.05% |
| 2020 | 0.20% | -1.46% | -10.56% | 3.59% | 3.61% | 0.13% | 1.88% | 1.09% | -0.04% | -0.14% | 2.10% | 1.07% | 0.69% |
| 2019 | 2.96% | 1.35% | -0.32% | 1.70% | 0.04% | -0.20% | 0.75% | -0.32% | 0.39% | -0.46% | 0.84% | 1.17% | 8.14% |
| 2018 | 1.03% | -0.01% | 0.34% | 0.35% | 0.01% | 0.01% | 0.49% | 0.61% | 0.37% | -0.32% | -0.91% | -2.57% | -0.66% |
| 2017 | 0.29% | 0.29% | 0.06% | 0.29% | 0.42% | -0.04% | 0.67% | -0.14% | 0.44% | 0.56% | 0.09% | 0.33% | 3.30% |
| 2016 | -0.62% | -0.40% | 3.06% | 1.55% | 0.80% | -0.03% | 1.27% | 0.89% | 0.53% | 0.52% | 0.06% | 0.76% | 8.65% |
| 2015 | 0.12% | 1.50% | 0.24% | 1.04% | 0.24% | -0.44% | -0.10% | -0.79% | -0.68% | 0.12% | -1.29% | -1.07% | -1.16% |
| 2014 | 0.51% | 0.18% | 0.07% | 0.07% | 0.52% | 0.40% | -0.13% | 0.22% | -0.82% | 0.33% | 0.23% | -1.13% | 0.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, PFLRX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Floating Rate Income Fund (PFLRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam Floating Rate Income Fund provided a 7.39% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.61 | $0.71 | $0.36 | $0.22 | $0.26 | $0.39 | $0.37 | $0.32 | $0.32 | $0.37 | $0.33 |
Dividend yield | 7.39% | 7.57% | 8.84% | 4.64% | 2.64% | 3.10% | 4.56% | 4.54% | 3.71% | 3.71% | 4.45% | 3.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Floating Rate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.61 |
| 2023 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.71 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.36 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Floating Rate Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Floating Rate Income Fund was 32.47%, occurring on Dec 17, 2008. Recovery took 264 trading sessions.
The current Putnam Floating Rate Income Fund drawdown is 0.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.47% | Jul 5, 2007 | 368 | Dec 17, 2008 | 264 | Jan 6, 2010 | 632 |
| -20.74% | Jan 23, 2020 | 42 | Mar 23, 2020 | 186 | Dec 15, 2020 | 228 |
| -6.63% | Jan 18, 2022 | 116 | Jul 5, 2022 | 142 | Jan 26, 2023 | 258 |
| -5.83% | Jun 1, 2015 | 178 | Feb 11, 2016 | 75 | May 31, 2016 | 253 |
| -5.83% | May 3, 2011 | 80 | Aug 24, 2011 | 101 | Jan 19, 2012 | 181 |
Volatility
Volatility Chart
The current Putnam Floating Rate Income Fund volatility is 0.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.