Franklin Floating Rate Daily Access A (FAFRX)
| Fund Assets | 1.46B |
| Expense Ratio | 0.95% |
| Min. Investment | $1,000 |
| Turnover | 51.91% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 7.87% |
| Dividend Growth | -11.75% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 7.53 |
| YTD Return | -0.41% |
| 1-Year Return | 2.14% |
| 5-Year Return | 35.80% |
| 52-Week Low | 7.34 |
| 52-Week High | 7.73 |
| Beta (5Y) | n/a |
| Holdings | 300 |
| Inception Date | May 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.
Performance
FAFRX had a total return of 2.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.36%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate Hi Inc | n/a |
Top 10 Holdings
17.40% of assets| Name | Symbol | Weight |
|---|---|---|
| Institutional Fiduciary Trust - Money Market Portfolio | INFXX | 5.02% |
| AssuredPartners, Inc., First Lien, 2024 CME Term Loan | ASSPAR.L 02.14.31 22 | 1.75% |
| BNP Paribas Securities Corp. | n/a | 1.62% |
| HSBC Securities (USA) Inc. | n/a | 1.62% |
| HUB International Ltd., First Lien, 2025 Incremental CME Term Loan | HBGCN.L 06.20.30 19 | 1.44% |
| UKG, Inc., First Lien, Initial CME Term Loan | n/a | 1.35% |
| Medline Borrower LP, First Lien, Dollar Incremental CME Term Loan | MEDIND.L 10.23.28 6 | 1.24% |
| Sedgwick Claims Management Services, Inc., First Lien, 2024 CME Term Loan | n/a | 1.21% |
| Boost Newco Borrower LLC, First Lien, CME Term Loan, B2 | WRLDPY.L 01.31.31 6 | 1.15% |
| McAfee Corp., First Lien, CME Term Loan, B1 | n/a | 0.98% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04581 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04506 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0436 | Jun 30, 2025 |
| May 30, 2025 | $0.04614 | May 30, 2025 |
| Apr 30, 2025 | $0.0461 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04409 | Mar 31, 2025 |