Franklin Floating Rate Daily Access R6 (FFRDX)

Fund Assets	1.15B
Expense Ratio	0.62%
Min. Investment	$1,000,000
Turnover	46.13%
Dividend (ttm)	0.58
Dividend Yield	7.91%
Dividend Growth	-10.69%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	7.29
YTD Return	2.60%
1-Year Return	3.68%
5-Year Return	34.73%
52-Week Low	7.23
52-Week High	7.61
Beta (5Y)	0.27
Holdings	291
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.

• Fund Family: Franklin Templeton Investments
• Category: Bank Loan
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FFRDX
• Share Class: Class R6
• Index: Index is not available on Lipper Database

Performance

FFRDX had a total return of 3.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.04%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FDAAX	Advisor Class	0.70%
FAFRX	Class A	0.95%
FCFRX	Class C	1.35%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.04594	Jul 31, 2026
Jun 30, 2026	$0.04513	Jun 30, 2026
May 29, 2026	$0.0449	May 29, 2026
Apr 30, 2026	$0.04516	Apr 30, 2026
Mar 31, 2026	$0.04317	Mar 31, 2026
Feb 27, 2026	$0.03883	Feb 27, 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:

Aug 27, 2026

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