Putnam Floating Rate Income Fund
Data updated: 2026-07-27
C000002278 — Putnam Floating Rate Income Fund. Short Bank Loans / Floating Rate Bond · $277.18M AUM. Holdings, fees, performance and SEC filings.
C000002278 Fund Overview
Putnam Floating Rate Income Fund is a US mutual fund managed by Putnam Funds Trust, categorised as Short Bank Loans / Floating Rate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Putnam Funds Trust
- Category: Short Bank Loans / Floating Rate Bond
- Assets under management: $277.18M
- 1-year return: 9.0%
- SEC CIK: 0001005942
- SEC series ID: S000000773
- Share class ID: C000002278
C000002278 Investment Objective and Strategy
Putnam Floating Rate Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Funds Trust.
Investment objective
The fund seeks high current income.
Principal investment strategy
The fund invests 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. The fund invests mainly in obligations of U.S. issuers that are below-investment-grade in quality (having credit characteristics similar to junk bonds). The fund may invest up to 25% of its net assets in foreign securities. The funds portfolio managers 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. The fund 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.
The funds investments in derivative instruments and other investments that provide exposure to the investment focus indicated in the funds 80% policy, or that provide exposure to one or more market risk factors associated with the investment focus indicated in the funds name, are included in the funds 80% basket.
C000002278 Holdings
Top 10 holdings of Putnam Floating Rate Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Putnam Short Term Investment Fund | 2.32% |
| Bausch + Lomb Corp. | 1.13% |
| Kenan Advantage Group, Inc. (The) | 1.07% |
| IGT Holding IV AB | 1.05% |
| Venture Global Calcasieu Pass LLC | 1.04% |
| Chariot Buyer LLC | 1.04% |
| Great Outdoors Group LLC | 1.04% |
| American Airlines, Inc. | 1.03% |
| TKO Worldwide Holdings LLC | 0.99% |
| Altar Bidco, Inc. | 0.98% |
C000002278 Portfolio Allocation
Asset-class allocation of Putnam Floating Rate Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Loans | 88.9% |
| Fixed Income | 7.4% |
| Other | 2.3% |
| Derivatives | 0.2% |
| Cash & Equivalents | 0.1% |
C000002278 Performance
Total returns for C000002278 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.0% |
| 3 years (annualised) | 5.4% |
| 5 years (annualised) | 4.1% |
C000002278 Risk Information
Risk metrics for C000002278, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.8%
C000002278 Costs and Fees
C000002278 costs about $124 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.24%
- Gross expense ratio: 1.24%
- Portfolio turnover: 34%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000002278 Cashflows
Over the 12 months to 2026-05, Putnam Floating Rate Income Fund had net outflows of $60.31M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$3.18M |
| 2026-04 | −$4.52M |
| 2026-03 | −$6.57M |
| 2026-02 | −$4.82M |
| 2026-01 | −$6.38M |
| 2025-12 | −$11.09M |
C000002278 Debt Constituents
Largest debt holdings of Putnam Floating Rate Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| OneSky Flight LLC | 0.76% |
| Smyrna Ready Mix Concrete LLC | 0.76% |
| Starwood Property Trust, Inc. | 0.74% |
| Jane Street Group / JSG Finance, Inc. | 0.54% |
| Univision Communications, Inc. | 0.54% |
| Sinclair Television Group, Inc. | 0.45% |
| EquipmentShare.com, Inc. | 0.44% |
| Central Parent, Inc. / CDK Global, Inc. | 0.38% |
| Newell Brands, Inc. | 0.38% |
| Venture Global LNG, Inc. | 0.37% |
C000002278 Prospectus and SEC Filings
Official Putnam Floating Rate Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-06-23
- Prospectus (485BPOS) — filed 2025-06-24
- Prospectus (485BPOS) — filed 2024-06-28
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2026-05-11
- Annual census (N-CEN) — filed 2025-05-09
Related Funds
Other Short Bank Loans / Floating Rate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.