Franklin Floating Rate Daily Access Fund Advisor Class (FDAAX)
| Fund Assets | 1.30B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000 |
| Turnover | 46.13% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 8.35% |
| Dividend Growth | -18.94% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.34 |
| YTD Return | -0.50% |
| 1-Year Return | 3.85% |
| 5-Year Return | 37.60% |
| 52-Week Low | 6.88 |
| 52-Week High | 7.40 |
| Beta (5Y) | 0.13 |
| Holdings | 306 |
| 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 3.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.54%.
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 |
Top 10 Holdings
21.94% of assets| Name | Symbol | Weight |
|---|---|---|
| Institutional Fiduciary Trust - Money Market Portfolio | INFXX | 11.31% |
| Hub International Ltd 6.5% 06/20/2030 2025 Incremental Term Loans | HBGCN.L 06.20.30 19 | 1.59% |
| Ukg Inc 8.81426% 02/09/2031 Initial Term Loan | ULTI.L 02.10.31 9 | 1.49% |
| Sedgwick Claims Management Services Inc 9.07734% 07/31/2031 2024 Term Loans | SEDGEW.L 02.24.28 6 | 1.31% |
| Zuffa Llc 6.5% 11/21/2031 Term B-5 Loan | TKO.L 11.21.31 13 | 1.18% |
| GENERAL NUTRITION CENTERS INC 10.77929% 10/07/2026 2ND LIEN TERM LOAN (PIK) | n/a | 1.14% |
| Alliant Holdings Intermediate Llc 6.5% 09/19/2031 New Term Loans | ALIANT.L 09.19.31 20 | 1.02% |
| UTEX INDUSTRIES INC COM USD 1 | n/a | 1.01% |
| Invesco Senior Loan ETF | BKLN | 0.96% |
| Boost Newco Borrower Llc 6.5% 01/31/2031 Usd Term B-2 Loans | WRLDPY.L 01.31.31 6 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Aug 29, 2025 | $0.04748 | Aug 29, 2025 |