Franklin Floating Rate Daily Access R6 (FFRDX)
| Fund Assets | 1.46B |
| Expense Ratio | 0.62% |
| Min. Investment | $1,000,000 |
| Turnover | 51.91% |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 8.29% |
| Dividend Growth | -11.49% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 7.60 |
| YTD Return | 0.44% |
| 1-Year Return | 3.26% |
| 5-Year Return | 37.74% |
| 52-Week Low | 7.35 |
| 52-Week High | 7.74 |
| Beta (5Y) | n/a |
| Holdings | 317 |
| 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 3.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.71%.
Top 10 Holdings
17.24% of assets| Name | Symbol | Weight |
|---|---|---|
| Institutional Fiduciary Trust - Money Market Portfolio | INFXX | 4.98% |
| Assuredpartners Inc 6.5% 02/16/2031 2024 Term Loans | ASSPAR.L 02.14.31 22 | 1.73% |
| BNP PARIBAS SECURITIES CORP 4.36% 08/01/2025 REPO | n/a | 1.61% |
| HSBC SECURITIES USA INC 4.29% 08/01/2025 REPO | n/a | 1.61% |
| Hub International Ltd 6.5% 06/20/2030 2025 Incremental Term Loans | HBGCN.L 06.20.30 19 | 1.43% |
| Ukg Inc 8.81426% 02/09/2031 Initial Term Loan | ULTI.L 02.10.31 9 | 1.35% |
| Medline Borrower Lp 6.5% 10/21/2028 Dollar Incremental Term Loans | MEDIND.L 10.23.28 6 | 1.21% |
| Sedgwick Claims Management Services Inc 9.07734% 07/31/2031 2024 Term Loans | SEDGEW.L 02.24.28 6 | 1.20% |
| Boost Newco Borrower Llc 6.5% 01/31/2031 Usd Term B-2 Loans | WRLDPY.L 01.31.31 6 | 1.15% |
| Mcafee Corp 6.5% 03/01/2029 Tranche B-1 Term Loans | MCFE.L 03.01.29 7 | 0.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04803 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04713 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04552 | Jun 30, 2025 |
| May 30, 2025 | $0.04825 | May 30, 2025 |
| Apr 30, 2025 | $0.04807 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04603 | Mar 31, 2025 |