The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PFLRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PFLRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PFLRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Still has a way to go.
Mike Mulach
Senior Analyst
Summary
Putnam Floating Rate Income is heading in the right direction, but the team still needs to reach industry standards.