Franklin Floating Rate Daily Access C (FCFRX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.53
0.00 (0.00%)
Sep 26, 2025, 4:00 PM EDT
Fund Assets1.46B
Expense Ratio1.35%
Min. Investment$1,000
Turnover51.91%
Dividend (ttm)0.58
Dividend Yield7.64%
Dividend Growth-12.20%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close7.53
YTD Return-0.61%
1-Year Return1.95%
5-Year Return33.84%
52-Week Low7.35
52-Week High7.73
Beta (5Y)n/a
Holdings300
Inception DateMay 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.

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

Performance

FCFRX had a total return of 1.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.99%.

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%
FAFRXClass A0.95%

Top 10 Holdings

17.40% of assets
NameSymbolWeight
Institutional Fiduciary Trust - Money Market PortfolioINFXX5.02%
AssuredPartners, Inc., First Lien, 2024 CME Term LoanASSPAR.L 02.14.31 221.75%
BNP Paribas Securities Corp.n/a1.62%
HSBC Securities (USA) Inc.n/a1.62%
HUB International Ltd., First Lien, 2025 Incremental CME Term LoanHBGCN.L 06.20.30 191.44%
UKG, Inc., First Lien, Initial CME Term Loann/a1.35%
Medline Borrower LP, First Lien, Dollar Incremental CME Term LoanMEDIND.L 10.23.28 61.24%
Sedgwick Claims Management Services, Inc., First Lien, 2024 CME Term Loann/a1.21%
Boost Newco Borrower LLC, First Lien, CME Term Loan, B2WRLDPY.L 01.31.31 61.15%
McAfee Corp., First Lien, CME Term Loan, B1n/a0.98%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.04315Aug 29, 2025
Jul 31, 2025$0.04248Jul 31, 2025
Jun 30, 2025$0.04119Jun 30, 2025
May 30, 2025$0.04349May 30, 2025
Apr 30, 2025$0.04365Apr 30, 2025
Mar 31, 2025$0.04169Mar 31, 2025
Full Dividend History