Franklin Floating Rate Daily Access Fund Class A (FAFRX)

Fund Assets	1.15B
Expense Ratio	0.95%
Min. Investment	$1,000
Turnover	46.13%
Dividend (ttm)	0.55
Dividend Yield	7.59%
Dividend Growth	-11.08%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	7.27
YTD Return	2.27%
1-Year Return	3.21%
5-Year Return	33.18%
52-Week Low	7.22
52-Week High	7.60
Beta (5Y)	0.27
Holdings	291
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.

• Fund Family: Franklin Templeton Investments
• Category: Bank Loan
• Performance Rating: Average
• Risk Rating: Above Average
• 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 3.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.52%.

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 High Income Fund	n/a

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FFRDX	Class R6	0.62%
FDAAX	Advisor Class	0.70%
FCFRX	Class C	1.35%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.04375	Jul 31, 2026
Jun 30, 2026	$0.04314	Jun 30, 2026
May 29, 2026	$0.04284	May 29, 2026
Apr 30, 2026	$0.04318	Apr 30, 2026
Mar 31, 2026	$0.04119	Mar 31, 2026
Feb 27, 2026	$0.03696	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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