Putnam Floating Rate Fund Quote
| PFRBX Fund | USD 7.97 0.01 0.13% |
Performance15 of 100
| Odds Of DistressLess than 17
|
Putnam Floating is trading at 7.97 as of the 19th of April 2024; that is -0.13 percent decrease since the beginning of the trading day. The fund's open price was 7.98. 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 19th of February 2024 and ending today, the 19th of April 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
Moving together with Putnam Mutual Fund
| 0.94 | PEYAX | Putnam Equity Me | PairCorr |
| 1.0 | PFICX | Putnam Floating Rate | PairCorr |
| 0.81 | PFJAX | Putnam High Yield | PairCorr |
| 0.99 | PFLRX | Putnam Floating Rate | PairCorr |
| 1.0 | PFLLX | Putnam Floating Rate | PairCorr |
Putnam Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Putnam Floating's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Putnam Floating or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Putnam Funds, Large Funds, Bank Loan Funds, Bank Loan, Putnam (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of June 2023 |
| Fiscal Year End | February |
Putnam Floating Rate [PFRBX] is traded in USA and was established 19th of April 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 351.62 M in assets with no minimum investment requirementsPutnam Floating Rate is currently producing year-to-date (YTD) return of 2.16% with the current yeild of 0.0%, while the total return for the last 3 years was 4.67%.
Check Putnam Floating Probability Of Bankruptcy
Instrument Allocation
Putnam Floating Target Price Odds Analysis
Based on a normal probability distribution, the odds of Putnam Floating jumping above the current price in 90 days from now is about 16.03%. The Putnam Floating Rate probability density function shows the probability of Putnam Floating mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Putnam Floating has a beta of 0.0581 indicating as returns on the market go up, Putnam Floating average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Putnam Floating Rate will be expected to be much smaller as well. Additionally, putnam Floating Rate has an alpha of 0.0116, implying that it can generate a 0.0116 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Putnam Floating to move above the current price in 90 days from now is about 16.03 (This Putnam Floating Rate probability density function shows the probability of Putnam Mutual Fund to fall within a particular range of prices over 90 days) .
Putnam Floating Rate Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Putnam Floating market risk premium is the additional return an investor will receive from holding Putnam Floating long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Putnam Floating. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Putnam Floating's alpha and beta are two of the key measurements used to evaluate Putnam Floating's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0708 | |||
| Standard Deviation | 0.1463 | |||
| Variance | 0.0214 | |||
| Downside Variance | 0.0187 |
Putnam Floating Against Markets
Picking the right benchmark for Putnam Floating mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Putnam Floating mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Putnam Floating is critical whether you are bullish or bearish towards Putnam Floating Rate at a given time. Please also check how Putnam Floating's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Putnam Floating without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Putnam Mutual Fund?
Before investing in Putnam Floating, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Putnam Floating. To buy Putnam Floating fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Putnam Floating. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Putnam Floating fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Putnam Floating Rate fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Putnam Floating Rate fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Putnam Floating Rate, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Putnam Floating Rate?
The danger of trading Putnam Floating Rate is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Putnam Floating is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Putnam Floating. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Putnam Floating Rate is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Floating Rate. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Putnam Floating Rate information on this page should be used as a complementary analysis to other Putnam Floating's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.