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Morningstar

Franklin Floating Rate Daily Access A FAFRX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.80  /  −0.10 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 0.980%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 8.25%
  • Effective Duration 0.15 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:00 AM GMT+0

Morningstar’s Analysis FAFRX

Will FAFRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FAFRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FAFRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FAFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Franklin Floating Rate Daily Access A's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FAFRX

More FAFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JOINT REPO ACCOUNT - JPM 5.261208% 03/01/24 REPO

5.30 79.1 Mil
Cash and Equivalents

QUARTERNORTH ENERGY HOLDING INC COM USD 0.01

5.13 76.6 Mil
—

Franklin IFT Money Market

4.95 73.9 Mil
Cash and Equivalents

UTEX INDUSTRIES INC COM USD 1

1.04 15.5 Mil
—

Pitney Bowes Inc 6.5% 03/19/2028 Refinancing Tranche B Term Loan

0.97 14.4 Mil
Corporate

Athenahealth Group Inc 6.5% 02/15/2029 Initial Term Loans

0.94 14.1 Mil
Corporate

General Nutrition Centers Inc 10.77929% 10/07/2026 2nd Lien Term Loan (Pik)

0.90 13.5 Mil
Corporate

Pmhc Ii Inc 6.5% 04/21/2029 Initial Term Loans

0.87 13.0 Mil
Corporate

Invesco Senior Loan ETF

0.87 13.0 Mil
—

Cengage Learning Hldgs Ii Inc 10.3256%

0.81 12.2 Mil
Corporate