Franklin Floating Rate Daily Access Fund Class C (FCFRX)
| Fund Assets | 1.30B |
| Expense Ratio | 1.35% |
| Min. Investment | $1,000 |
| Turnover | 46.13% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 7.29% |
| Dividend Growth | -20.10% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.33 |
| YTD Return | -0.42% |
| 1-Year Return | 3.18% |
| 5-Year Return | 33.18% |
| 52-Week Low | 6.92 |
| 52-Week High | 7.39 |
| Beta (5Y) | n/a |
| Holdings | 306 |
| Inception Date | May 1, 2001 |
About FCFRX
Franklin Floating Rate Daily Access Fund Class C is a mutual fund specializing in the bank loan category, with the goal of providing a high level of current income. The fund primarily invests at least 80% of its assets in floating interest rate corporate loans and corporate debt securities, with a notable emphasis on senior-secured and below-investment-grade credit instruments. These floating rate instruments are designed to adjust interest payments based on short-term rate benchmarks such as the Secured Overnight Financing Rate (SOFR) or LIBOR, helping to mitigate interest rate risk typically associated with fixed-rate bonds. This fund appeals to investors seeking exposure to the corporate credit market while aiming for income that adjusts with interest rate fluctuations. The monthly income distributions are a key feature, and the fund typically holds a diversified portfolio spanning hundreds of individual loans and securities. While its holdings can carry more credit risk than investment-grade debt, the floating rate structure can provide resilience during periods of rising interest rates. Franklin Floating Rate Daily Access Fund Class C plays a significant role in offering diversified, actively managed access to the leveraged loan market within broader income-oriented investment strategies.
Performance
FCFRX had a total return of 3.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.13%.
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 |
Top 10 Holdings
21.94% of assets| Name | Symbol | Weight |
|---|---|---|
| Institutional Fiduciary Trust - Money Market Portfolio | INFXX | 11.31% |
| Hub International Ltd 6.5% 06/20/2030 2025 Incremental Term Loans | HBGCN.L 06.20.30 19 | 1.59% |
| Ukg Inc 8.81426% 02/09/2031 Initial Term Loan | ULTI.L 02.10.31 9 | 1.49% |
| Sedgwick Claims Management Services Inc 9.07734% 07/31/2031 2024 Term Loans | SEDGEW.L 02.24.28 6 | 1.31% |
| Zuffa Llc 6.5% 11/21/2031 Term B-5 Loan | TKO.L 11.21.31 13 | 1.18% |
| GENERAL NUTRITION CENTERS INC 10.77929% 10/07/2026 2ND LIEN TERM LOAN (PIK) | n/a | 1.14% |
| Alliant Holdings Intermediate Llc 6.5% 09/19/2031 New Term Loans | ALIANT.L 09.19.31 20 | 1.02% |
| UTEX INDUSTRIES INC COM USD 1 | n/a | 1.01% |
| Invesco Senior Loan ETF | BKLN | 0.96% |
| Boost Newco Borrower Llc 6.5% 01/31/2031 Usd Term B-2 Loans | WRLDPY.L 01.31.31 6 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.039 | Jan 30, 2026 |
| Dec 31, 2025 | $0.07957 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04033 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04377 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03958 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04315 | Aug 29, 2025 |