Putnam Floating Rate Income Fund (PFLRX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PFLRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PFLRX
PFLRX charges 1.03% annually. There are 43 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | PFLRX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | PFLRX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | PFLRX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | PFLRX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | PFLRX vs LFRIX |
Best Risk-Adjusted Alternatives to PFLRX
PFLRX has a PortfoliosLab risk / return rank of 30. There are 47 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | PFLRX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 99 | — | Sep 2016 | PFLRX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | PFLRX vs CAPIX | |
| Payden Floating Rate Fund | 99 | — | Nov 2013 | PFLRX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | PFLRX vs SAMBX |
Top Performing PFLRX Alternatives (YTD)
PFLRX is at 0.55% YTD. There are 49 mutual funds in the Bank Loan category with higher YTD returns, going as high as 4.05%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 4.05% | — | Jan 2017 | PFLRX vs XPTFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 3.38% | — | Jun 2019 | PFLRX vs CCLFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 3.26% | — | Jun 2023 | PFLRX vs CAPIX | |
| BlackRock Floating Rate Income Trust | 3.11% | — | Aug 2004 | PFLRX vs BGT | |
| Victory Floating Rate Fund | 2.96% | — | Dec 2009 | PFLRX vs RSFYX |
Lowest Volatility Alternatives to PFLRX
PFLRX has 2.24% 1-year volatility. There are 21 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | PFLRX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 0.90% | — | Sep 2016 | PFLRX vs RCRIX | |
| Payden Floating Rate Fund | 1.25% | — | Nov 2013 | PFLRX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.36% | — | Sep 2013 | PFLRX vs DFLYX | |
| Donoghue Forlines Risk Managed Income Fund | 1.68% | — | Dec 2017 | PFLRX vs FLOTX |
Lowest Drawdown Alternatives to PFLRX
PFLRX has a 1-year max drawdown of -1.98%. There are 45 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | PFLRX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | -0.45% | — | Sep 2016 | PFLRX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | PFLRX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | PFLRX vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | PFLRX vs PSFIX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEIYX, PEQSX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 95 | 15.70% | — | Jun 1977 | PFLRX vs PEYAX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 95 | 15.86% | — | Oct 1998 | PFLRX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 95 | 15.91% | — | Jul 2012 | PFLRX vs PEQSX | |
| Putnam Large Cap Growth Fund Class A | Large Cap Growth Equities | 13 | 2.30% | — | Oct 1995 | PFLRX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 59 | 29.55% | — | Dec 2008 | PFLRX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 31 | 5.65% | — | Aug 1990 | PFLRX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 66 | 9.94% | — | Sep 2010 | PFLRX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 13 | 2.44% | — | Aug 1999 | PFLRX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.68% | — | Oct 2011 | PFLRX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 29 | 17.35% | — | Dec 1997 | PFLRX vs PNSAX |
Often Compared With PFLRX
Investors most often compare PFLRX with FLRT, FLYRX, TFLR. These 15 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare PFLRX with Any Fund or Stock
Compare PFLRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PFLRX with funds that move differently
Putnam Floating Rate Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PFLRX.
Explore PFLRX Diversifiers