Franklin Floating Rate Daily Access Adv (FDAAX)

Fund Assets	1.12B
Expense Ratio	0.711%
Min. Investment	$1,000
Turnover	46.13%
Dividend (ttm)	0.56
Dividend Yield	7.79%
Dividend Growth	-9.48%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	7.18
YTD Return	2.12%
1-Year Return	3.85%
5-Year Return	31.38%
52-Week Low	7.18
52-Week High	7.51
Beta (5Y)	0.13
Holdings	292
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.

• Fund Family: Franklin Templeton, Inc
• Category: Bank Loan
• Performance Rating: Above Average
• Risk Rating: Above 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 3.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.84%.

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

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FFRDX	Class R6	0.62%
FAFRX	Class A	0.95%
FCFRX	Class C	1.35%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04089	Sep 30, 2026
Aug 31, 2026	$0.03899	Aug 31, 2026
Jul 31, 2026	$0.04539	Jul 31, 2026
Jun 30, 2026	$0.04463	Jun 30, 2026
May 29, 2026	$0.04438	May 29, 2026
Apr 30, 2026	$0.04467	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

Data Sources Report a data error