Franklin Floating Rate Daily Access A (FAFRX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.60
+0.01 (0.13%)
Sep 5, 2025, 9:30 AM EDT
0.13%
Fund Assets1.46B
Expense Ratio0.95%
Min. Investment$1,000
Turnover51.91%
Dividend (ttm)0.61
Dividend Yield7.80%
Dividend Growth-11.75%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close7.59
YTD Return0.52%
1-Year Return3.09%
5-Year Return36.32%
52-Week Low7.34
52-Week High7.73
Beta (5Y)n/a
Holdings317
Inception DateMay 1, 2001

About FAFRX

Franklin Floating Rate Daily Access Fund Class A is a mutual fund focused on generating a high level of current income while prioritizing capital preservation. The fund primarily allocates at least 80% of its assets to income-producing floating interest rate corporate loans and corporate debt securities, typically favoring senior-secured loans that adjust their interest payments based on prevailing market rates. This structure makes the fund particularly relevant for investors seeking exposure to the bank loan sector and for those aiming to mitigate interest rate risk, as floating rates can respond to changes in market conditions. The fund is notable within the fixed income arena for its diversified portfolio, which spans various corporate issuers and includes a portion held in cash and equivalents. With a focus on daily liquidity and disciplined credit analysis, the fund offers a vehicle for current income that is less sensitive to interest rate fluctuations compared to traditional fixed-rate bonds. Its role in the market is to provide both individual and institutional investors with access to a distinct asset class that can enhance portfolio diversification and income potential.

Fund Family Franklin Templeton Investments
Category Bank Loan
Stock Exchange NASDAQ
Ticker Symbol FAFRX
Share Class Class A
Index Index is not available on Lipper Database

Performance

FAFRX had a total return of 3.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.41%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FFHCXFidelityFidelity Series Floating Rate Hi Incn/a

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
FFRDXClass R60.62%
FDAAXAdvisor Class0.70%
FCFRXClass C1.35%

Top 10 Holdings

17.24% of assets
NameSymbolWeight
Institutional Fiduciary Trust - Money Market PortfolioINFXX4.98%
Assuredpartners Inc 6.5% 02/16/2031 2024 Term LoansASSPAR.L 02.14.31 221.73%
BNP PARIBAS SECURITIES CORP 4.36% 08/01/2025 REPOn/a1.61%
HSBC SECURITIES USA INC 4.29% 08/01/2025 REPOn/a1.61%
Hub International Ltd 6.5% 06/20/2030 2025 Incremental Term LoansHBGCN.L 06.20.30 191.43%
Ukg Inc 8.81426% 02/09/2031 Initial Term LoanULTI.L 02.10.31 91.35%
Medline Borrower Lp 6.5% 10/21/2028 Dollar Incremental Term LoansMEDIND.L 10.23.28 61.21%
Sedgwick Claims Management Services Inc 9.07734% 07/31/2031 2024 Term LoansSEDGEW.L 02.24.28 61.20%
Boost Newco Borrower Llc 6.5% 01/31/2031 Usd Term B-2 LoansWRLDPY.L 01.31.31 61.15%
Mcafee Corp 6.5% 03/01/2029 Tranche B-1 Term LoansMCFE.L 03.01.29 70.97%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.04581Aug 29, 2025
Jul 31, 2025$0.04506Jul 31, 2025
Jun 30, 2025$0.0436Jun 30, 2025
May 30, 2025$0.04614May 30, 2025
Apr 30, 2025$0.0461Apr 30, 2025
Mar 31, 2025$0.04409Mar 31, 2025
Full Dividend History