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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Franklin Floating Rate Daily Access Fund

FDAAX | Fund

$7.37

$1.68 B

4.91%

$0.36

0.75%

Vitals

YTD Return

-6.4%

1 yr return

2.4%

3 Yr Avg Return

1.0%

5 Yr Avg Return

1.6%

Net Assets

$1.68 B

Holdings in Top 10

15.7%

52 WEEK LOW AND HIGH

$7.4
$7.37
$7.92

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 66.03%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Bank Loan

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Franklin Floating Rate Daily Access Fund

FDAAX | Fund

$7.37

$1.68 B

4.91%

$0.36

0.75%

FDAAX - Profile

Distributions

  • YTD Total Return -6.4%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.09%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Floating Rate Daily Access Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    May 01, 2001
  • Shares Outstanding
    81012404
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Justin Ma

Fund Description

The fund normally invests at least 80% of its net assets in income-producing floating interest rate corporate loans and corporate debt securities made to or issued by U.S. companies, non-U.S. entities and U.S. subsidiaries of non-U.S. entities. It invests at least 75% of its net assets in floating rate investments that are rated B- or higher at the time of purchase by a nationally recognized statistical rating organization (NRSRO) or, if unrated, are determined to be of comparable quality by the fund's investment manager.

FDAAX - Performance

Return Ranking - Trailing

Period FDAAX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.4% -18.2% 12.1% 23.15%
1 Yr 2.4% -8.2% 34.0% 14.42%
3 Yr 1.0%* -2.7% 9.6% 77.54%
5 Yr 1.6%* -0.3% 7.2% 82.20%
10 Yr 2.9%* 1.3% 7.6% 72.60%

* Annualized

Return Ranking - Calendar

Period FDAAX Return Category Return Low Category Return High Rank in Category (%)
2021 4.5% -16.5% 11.1% 2.01%
2020 -8.5% -14.1% 289.8% 92.75%
2019 -2.3% -8.1% 7.5% 93.63%
2018 -4.0% -12.2% 5.5% 14.45%
2017 -1.3% -4.2% 12.9% 87.07%

Total Return Ranking - Trailing

Period FDAAX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.4% -18.2% 12.1% 20.99%
1 Yr 2.4% -10.9% 30.3% 16.91%
3 Yr 1.0%* -2.7% 10.0% 72.53%
5 Yr 1.6%* -0.3% 7.6% 79.54%
10 Yr 2.9%* 1.3% 7.6% 67.91%

* Annualized

Total Return Ranking - Calendar

Period FDAAX Return Category Return Low Category Return High Rank in Category (%)
2021 4.5% -16.5% 11.1% 2.01%
2020 -8.5% -14.1% 289.8% 92.75%
2019 -2.3% -8.1% 7.5% 93.63%
2018 -4.0% -12.2% 5.5% 23.05%
2017 -1.3% -4.2% 12.9% 89.22%

NAV & Total Return History

FDAAX - Holdings

Concentration Analysis

FDAAX Category Low Category High FDAAX % Rank
Net Assets 1.68 B 25 M 13.1 B 41.24%
Number of Holdings 300 12 1447 59.59%
Net Assets in Top 10 265 M -191 M 2.54 B 32.15%
Weighting of Top 10 15.70% 4.6% 91.9% 49.85%

Top 10 Holdings

  1. Franklin IFT Money Market 3.41%
  2. Quarternorth Energy Holding Inc 3.32%
  3. Quarternorth Energy Holding Inc 3.32%
  4. Quarternorth Energy Holding Inc 3.32%
  5. Quarternorth Energy Holding Inc 3.32%
  6. Quarternorth Energy Holding Inc 3.32%
  7. QUARTERNORTH ENERGY HOLDING INC COM USD 0.01 3.30%
  8. QUARTERNORTH ENERGY HOLDING INC COM USD 0.01 3.30%
  9. QUARTERNORTH ENERGY HOLDING INC COM USD 0.01 3.30%
  10. QUARTERNORTH ENERGY HOLDING INC COM USD 0.01 3.30%

Asset Allocation

Weighting Return Low Return High FDAAX % Rank
Bonds 		91.87% 28.71% 161.82% 60.47%
Other 		4.15% -54.21% 26.58% 2.95%
Cash 		2.91% -61.90% 58.61% 72.57%
Stocks 		0.85% 0.00% 51.23% 27.43%
Convertible Bonds 		0.22% 0.00% 5.51% 22.42%
Preferred Stocks 		0.00% -3.99% 1.72% 78.17%

Stock Sector Breakdown

Weighting Return Low Return High FDAAX % Rank
Utilities 		0.00% 0.00% 100.00% 72.44%
Technology 		0.00% 0.00% 100.00% 69.78%
Real Estate 		0.00% 0.00% 48.61% 59.56%
Industrials 		0.00% 0.00% 100.00% 72.00%
Healthcare 		0.00% 0.00% 100.00% 61.33%
Financial Services 		0.00% 0.00% 91.98% 1.78%
Energy 		0.00% 0.00% 100.00% 88.00%
Communication Services 		0.00% 0.00% 100.00% 83.56%
Consumer Defense 		0.00% 0.00% 100.00% 71.11%
Consumer Cyclical 		0.00% 0.00% 97.66% 77.33%
Basic Materials 		0.00% 0.00% 6.25% 61.78%

Stock Geographic Breakdown

Weighting Return Low Return High FDAAX % Rank
US 		0.81% -0.01% 45.12% 24.48%
Non US 		0.04% 0.00% 6.11% 33.33%

Bond Sector Breakdown

Weighting Return Low Return High FDAAX % Rank
Corporate 		95.23% 0.00% 99.80% 21.30%
Cash & Equivalents 		4.21% 0.00% 58.41% 68.34%
Securitized 		0.56% 0.00% 96.93% 47.63%
Derivative 		0.00% 0.00% 7.03% 70.12%
Municipal 		0.00% 0.00% 0.47% 67.46%
Government 		0.00% 0.00% 5.94% 72.49%

Bond Geographic Breakdown

Weighting Return Low Return High FDAAX % Rank
US 		86.92% 14.05% 128.54% 20.94%
Non US 		4.95% 0.00% 84.20% 89.68%

FDAAX - Expenses

Operational Fees

FDAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.03% 7.31% 80.23%
Management Fee 0.58% 0.00% 1.89% 31.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.02% 0.27% 72.04%

Sales Fees

FDAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

FDAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FDAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.03% 3.00% 215.00% 56.07%

FDAAX - Distributions

Dividend Yield Analysis

FDAAX Category Low Category High FDAAX % Rank
Dividend Yield 4.91% 0.00% 11.25% 22.57%

Dividend Distribution Analysis

FDAAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FDAAX Category Low Category High FDAAX % Rank
Net Income Ratio 4.09% 1.56% 10.22% 24.74%

Capital Gain Distribution Analysis

FDAAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Dividend Payout History

View More +

FDAAX - Fund Manager Analysis

Managers

Justin Ma

Start Date

Tenure

Tenure Rank

Jun 01, 2013

9.0

9.0%

Justin Ma is an assistant portfolio manager for Franklin Advisers' Floating Rate Debt Group. He is a portfolio manager on Franklin Floating Rate Daily Access Fund, Franklin Floating Rate PLC, and FTSIIF Franklin Floating Rate II Funds, as well as the floating rate investments of Franklin Templeton Limited Duration Income Trust Fund. Mr. Ma is also a member of the Investment Committee. Mr. Ma joined Franklin Templeton in 2006 as a member of the Futures Program and joined the Floating Rate Debt Group as a portfolio analyst in 2008. Mr. Ma holds a B.A. from Stanford University and is a Chartered Financial Analyst (CFA) Charterholder. He is also a member of the CFA Society of San Francisco (CFASF) and the CFA Institute.

Reema Agarwal

Start Date

Tenure

Tenure Rank

Jan 31, 2019

3.33

3.3%

Reema Agarwal, SVP, Director of the Floating Rate Debt Group, manages a team of research analysts and portfolio managers across the full spectrum of the bank loan market. Prior to this role Reema was the Floating Rate Debt Group Director of Research (2014–2018). Prior to joining the firm in 2004, Ms. Agarwal was with FleetBoston Financial and ABN AMRO Bank N.V. Ms. Agarwal holds an M.B.A. from the Indian Institute of Management, Bangalore. She is a Chartered Financial Analyst (CFA) charter holder and a member of the CFA Society of San Francisco (CFASF).

Margaret Chiu

Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

Margaret Chiu is a portfolio manager for the Franklin Advisers' Floating Rate Debt Group. Ms. Chiu provides portfolio analytics for the floating rate open-end funds and institutional separate accounts. Ms. Chiu joined Franklin Templeton in 2012 and the Floating Rate Debt Group in 2013. Ms. Chiu holds a B.S. in business administration from the University of California, Berkeley. She is a Chartered Financial Analyst (CFA) charterholder and a Certified Financial Risk Manager (FRM).

Judy Sher

Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Ms. Sher has been a portfolio manager of the Fund since December 2019. She joined Franklin Templeton in 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 23.43 5.98 3.25

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