Actively managed strategies stay nimble as income opportunities change.

Putnam Floating Rate Income Fund
Seeks to benefit from higher rates
Effective duration: 0.31

A wider range of short-term securities can offer benefits to long-term portfolios.

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Analyze what flexibility can add to your model portfolios in FundVisualizer®. Test drive Putnam funds on risk, correlation, and other metrics:

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All funds involve risk, and you can lose money. See the fund's prospectus for details

Standard deviation: Measures how widely a set of values varies from the mean. It is a historical measure of the variability of return earned by an investment portfolio over a 3-year period.

Duration: Duration provides a measure of a fund's interest-rate sensitivity. The longer a fund's duration, the more sensitive the fund is to shifts in interest rates.

Diversification does not guarantee a profit or ensure against loss. It is possible to lose money in a diversified portfolio.

Sharpe ratio: Measure of historical adjusted performance calculated by dividing the fund's return minus the risk-free rate (ML 3-month T-bill) by the standard deviation of the fund's return. The higher the ratio, the better the fund's return per unit of risk.

Alpha: Measure of performance on a risk-adjusted basis. Alpha takes the volatility of a mutual fund and compares its risk-adjusted performance with that of a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha.

For complete fund information, including risks, please click on fund title.