PFLRX Fees and Costs — Putnam Floating Rate Income Fund, Floating Rate Income Fund CL A
Data updated: 2026-07-27
The net expense ratio is 0.98%: a 0.54% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses. This share class carries a maximum front-end sales load of 2.25% and a deferred sales charge of up to 1.00%. Portfolio turnover was 34%.
PFLRX Fees and Expenses
Annual operating expenses and sales charges of PFLRX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.98% |
| Fee waiver | — |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PFLRX Costs Over Time
On $10,000 invested in PFLRX, assuming 5% a year before costs, total costs come to $887 over 5 years, cutting the return by 1.50% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $327 | $225 | $225 |
| Fund expenses (net expense ratio 0.98%) | $101 | $314 | $544 |
| Lost growth on money paid in costs | $11 | $51 | $117 |
| Total costs | $438 | $590 | $887 |
| Value after costs | $10,062 | $10,986 | $11,876 |
| Impact on return, per year | 4.38% | 1.81% | 1.50% |
PFLRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $385.4M
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
PFLRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $59.0M | 18.01% |
| Goldman Sachs & Co. LLC | $47.2M | 14.42% |
| Morgan Stanley & Co. LLC | $37.4M | 11.42% |
| Citigroup Global Markets Inc. | $35.1M | 10.72% |
| Barclays Capital, Inc. | $28.8M | 8.80% |
| BofA Securities, Inc. | $27.5M | 8.39% |
| Wells Fargo Securities, LLC | $26.3M | 8.03% |
| RBC Capital Markets, LLC | $24.6M | 7.52% |
| Deutsche Bank Securities Inc. | $22.5M | 6.85% |
| Jefferies LLC | $19.2M | 5.85% |
Putnam Floating Rate Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000203062 | Floating Rate Income Fund CL R6 | 0.67% | none |
| C000002282 | Floating Rate CL Y | 0.73% | none |
| PFLRX | Floating Rate Income Fund CL A | 0.98% | 2.25% |
| C000002281 | Floating Rate Income Fund CL R | 1.23% | none |
| C000002279 | Floating Rate Income Fund CL C | 1.73% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.