Franklin Floating Rate Daily Access Adv (FDAAX)
| Fund Assets | 1.46B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000 |
| Turnover | 51.91% |
| Dividend (ttm) | 0.70 |
| Dividend Yield | 9.28% |
| Dividend Growth | -11.49% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 7.53 |
| YTD Return | -0.50% |
| 1-Year Return | 2.27% |
| 5-Year Return | 37.74% |
| 52-Week Low | 7.35 |
| 52-Week High | 7.73 |
| Beta (5Y) | 0.14 |
| Holdings | 300 |
| 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 2.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.70%.
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 Hi Inc | n/a |
Top 10 Holdings
17.40% of assets| Name | Symbol | Weight |
|---|---|---|
| Institutional Fiduciary Trust - Money Market Portfolio | INFXX | 5.02% |
| AssuredPartners, Inc., First Lien, 2024 CME Term Loan | ASSPAR.L 02.14.31 22 | 1.75% |
| BNP Paribas Securities Corp. | n/a | 1.62% |
| HSBC Securities (USA) Inc. | n/a | 1.62% |
| HUB International Ltd., First Lien, 2025 Incremental CME Term Loan | HBGCN.L 06.20.30 19 | 1.44% |
| UKG, Inc., First Lien, Initial CME Term Loan | n/a | 1.35% |
| Medline Borrower LP, First Lien, Dollar Incremental CME Term Loan | MEDIND.L 10.23.28 6 | 1.24% |
| Sedgwick Claims Management Services, Inc., First Lien, 2024 CME Term Loan | n/a | 1.21% |
| Boost Newco Borrower LLC, First Lien, CME Term Loan, B2 | WRLDPY.L 01.31.31 6 | 1.15% |
| McAfee Corp., First Lien, CME Term Loan, B1 | n/a | 0.98% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04748 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04668 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04511 | Jun 30, 2025 |
| May 30, 2025 | $0.04779 | May 30, 2025 |
| Apr 30, 2025 | $0.04762 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04559 | Mar 31, 2025 |