Franklin Floating Rate Daily Access Fund Class C (FCFRX)
| Fund Assets | 1.24B |
| Expense Ratio | 1.35% |
| Min. Investment | $1,000 |
| Turnover | 46.13% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 7.38% |
| Dividend Growth | -18.65% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 7.23 |
| YTD Return | -1.45% |
| 1-Year Return | 2.92% |
| 5-Year Return | 29.67% |
| 52-Week Low | 7.22 |
| 52-Week High | 7.62 |
| Beta (5Y) | n/a |
| Holdings | 305 |
| 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 2.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.05%.
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 |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.03471 | Feb 27, 2026 |
| 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 |