Franklin Floating Rate Daily Access Fund Advisor Class (FDAAX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
7.45
0.00 (0.00%)
Apr 25, 2025, 4:00 PM EDT
-4.49% (1Y)
| Fund Assets | 3.64B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.70 |
| Dividend Yield | 9.38% |
| Dividend Growth | 3.95% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2025 |
| Previous Close | 7.45 |
| YTD Return | -2.09% |
| 1-Year Return | 3.28% |
| 5-Year Return | 40.02% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | 0.12 |
| Holdings | 322 |
| Inception Date | May 1, 2001 |
About FDAAX
The Franklin Floating Rate Daily Access Fund Advisor Class (FDAAX) seeks to provide a high a level of current income by investing at least 80% of its total assets in income-producing floating interest rate corporate loans and corporate debt securities. Floating interest rate loans and securities are often credit rated less than investment grade.
Fund Family FrankTemp/Frank Adv
Category Bank Loan
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FDAAX
Share Class Advisor Class
Index Index is not available on Lipper Database
Performance
FDAAX had a total return of 3.28% 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 High Income Fund | n/a |
Top 10 Holdings
21.24% of assets| Name | Symbol | Weight |
|---|---|---|
| JOINT REPO ACCOUNT - JPM 4.356184% 04/01/25 REPO | n/a | 6.43% |
| Institutional Fiduciary Trust - Money Market Portfolio | INFXX | 4.97% |
| Hub International Ltd 6.5% 06/20/2030 2025 Incremental Term Loans | HBGCN L 06.20.30 19 | 1.63% |
| Assuredpartners Inc 6.5% 02/16/2031 2024 Term Loans | ASSPAR L 02.14.31 22 | 1.52% |
| Ukg Inc 8.81426% 02/09/2031 Initial Term Loan | ULTI L 02.10.31 9 | 1.31% |
| Medline Borrower Lp 6.5% 10/21/2028 Dollar Incremental Term Loans | MEDIND L 10.23.28 6 | 1.20% |
| Sedgwick Claims Management Services Inc 9.07734% 07/31/2031 2024 Term Loans | SEDGEW L 02.24.28 6 | 1.16% |
| Boost Newco Borrower Llc 6.5% 01/31/2031 Usd Term B-2 Loans | n/a | 1.11% |
| Genesys Cloud Services Holdings Ii Llc 6.5% 01/23/2032 2025 Dollar Term Loa | GCTI L 01.30.32 17 | 0.97% |
| Mcafee Corp 6.5% 03/01/2029 Tranche B-1 Term Loans | MCFE L 03.01.29 7 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2025 | $0.04559 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04055 | Feb 28, 2025 |
| Jan 31, 2025 | $0.05234 | Jan 31, 2025 |
| Dec 31, 2024 | $0.09412 | Dec 31, 2024 |
| Nov 29, 2024 | $0.05293 | Nov 29, 2024 |
| Oct 31, 2024 | $0.05407 | Oct 31, 2024 |