Franklin Floating Rate Daily Access C (FCFRX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.60
+0.01 (0.13%)
Sep 5, 2025, 4:00 PM EDT
0.13%
Fund Assets1.46B
Expense Ratio1.35%
Min. Investment$1,000
Turnover51.91%
Dividend (ttm)0.58
Dividend Yield7.57%
Dividend Growth-12.20%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close7.59
YTD Return0.32%
1-Year Return2.90%
5-Year Return34.35%
52-Week Low7.35
52-Week High7.73
Beta (5Y)n/a
Holdings317
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 2.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.04%.

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

17.24% 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$0.04315Aug 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