Franklin Floating Rate Daily Access Fund Advisor Class (FDAAX)
| Fund Assets | 1.24B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000 |
| Turnover | 46.13% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 8.46% |
| Dividend Growth | -17.56% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 7.23 |
| YTD Return | -1.34% |
| 1-Year Return | 3.60% |
| 5-Year Return | 34.06% |
| 52-Week Low | 7.23 |
| 52-Week High | 7.62 |
| Beta (5Y) | 0.14 |
| Holdings | 305 |
| Inception Date | May 1, 2001 |
About FDAAX
Franklin Floating Rate Daily Access Fund Advisor Class is a mutual fund designed to generate a high level of current income by primarily investing in floating interest rate corporate loans and corporate debt securities. The fund allocates at least 80% of its assets to these floating rate instruments, which are typically senior-secured loans and often carry credit ratings below investment grade. Its monthly distributions reflect a focus on steady cash flow, and its sector exposure is largely within the U.S. corporate loan market. With a history dating back to 2001, the fund features a competitive expense ratio and a relatively low correlation to broader fixed-income markets due to its floating rate structure. This structure offers a degree of protection against rising interest rates compared to traditional fixed-rate bonds. The fund is notable for its broad holdings, risk-managed approach, and role as a source of income for investors seeking diversification within the credit sector of the market.
Performance
FDAAX had a total return of 3.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.78%.
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 | $0.03837 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0431 | Jan 30, 2026 |
| Dec 31, 2025 | $0.08385 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04407 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04818 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0435 | Sep 30, 2025 |