Skip to Content
Morningstar

Franklin Floating Rate Daily Access C FCFRX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.73  /  +0.07 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.380%
  • Expense Ratio 1.380%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 8.29%
  • Effective Duration 0.16 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FCFRX

Will FCFRX 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 FCFRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FCFRX 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 FCFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FCFRX

More FCFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin IFT Money Market

4.97 75.1 Mil
Cash and Equivalents

JOINT REPO ACCOUNT - JPM 5.24863% 07/01/24 REPO

2.29 34.6 Mil
Cash and Equivalents

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

0.95 14.3 Mil
Corporate

Boost Newco Borrower Llc (Worldpay) 6.5% 01/31/2031 Initial Usd Term Loan

0.94 14.1 Mil
Corporate

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

0.93 14.0 Mil
Corporate

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

0.86 13.1 Mil
Corporate

Invesco Senior Loan ETF

0.86 13.0 Mil
—

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

0.85 12.8 Mil
Corporate

Alloy Finco Limited 14% 03/08/2028 Facility B Loan (Pik)

0.81 12.2 Mil
Corporate

First Brands Group Llc 6.5% 03/30/2027 2022-Ii Incremental Term Loans

0.79 11.9 Mil
Corporate