Franklin Floating Rate Daily Access Fund Class R6 (FFRDX)
| Fund Assets | 1.30B |
| Expense Ratio | 0.62% |
| Min. Investment | $1,000,000 |
| Turnover | 46.13% |
| Dividend (ttm) | 0.59 |
| Dividend Yield | 8.03% |
| Dividend Growth | -18.85% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 7.34 |
| YTD Return | -0.35% |
| 1-Year Return | 3.93% |
| 5-Year Return | 38.01% |
| 52-Week Low | 6.87 |
| 52-Week High | 7.40 |
| Beta (5Y) | n/a |
| Holdings | 306 |
| Inception Date | May 1, 2013 |
About FFRDX
Franklin Floating Rate Daily Access Fund Class R6 is a mutual fund that specializes in providing a high level of current income and, secondarily, preservation of capital. Its investment focus is on floating interest rate senior-secured corporate loans and corporate debt securities, typically investing at least 80% of its net assets in these instruments. These loans generally have interest rates that adjust periodically with reference rates, such as LIBOR or SOFR, which can help reduce interest rate sensitivity and offer potential protection against rising rates. The fund is categorized within the bank loan sector and predominantly holds instruments that may be below investment grade, targeting borrowers across a wide range of industries. Known for its daily liquidity and relatively low duration—recent data show an effective duration of approximately 0.20 years—it appeals to institutional investors seeking steady income and reduced exposure to traditional interest rate risk. The fund’s role in the market centers on generating income from credit assets while maintaining flexibility and risk control through diversification among corporate issuers and active management of credit exposure.
Performance
FFRDX had a total return of 3.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.96%.
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 | $0.04363 | Jan 30, 2026 |
| Dec 31, 2025 | $0.08444 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04455 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0488 | Oct 31, 2025 |
| Sep 30, 2025 | $0.044 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04803 | Aug 29, 2025 |