Putnam Floating is trading at 8.01 as of the 28th of November 2024; that is 0.12 percent increase since the beginning of the trading day. The fund's open price was 8.0. Putnam Floating has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Putnam Floating Rate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
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 percent of its net assets in income-producing floating rate loans and other floating rate debt securities. More on Putnam Floating Rate
Putnam Floating Rate [PFRYX] is traded in USA and was established 28th of November 2024. Putnam Floating is listed under Putnam category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of Putnam family. This fund at this time has accumulated 761.61 M in assets with no minimum investment requirementsPutnam Floating Rate is currently producing year-to-date (YTD) return of 7.53% with the current yeild of 0.01%, while the total return for the last 3 years was 6.29%.
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Other Information on Investing in Putnam Mutual Fund
Putnam Floating financial ratios help investors to determine whether Putnam Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Putnam with respect to the benefits of owning Putnam Floating security.