Morningstar

Franklin Floating Rate Daily Access Fund Advisor Class FDAAX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $7.18  /  −0.14 %
  • Fund Size $1.1B
  • Adjusted Expense Ratio 0.700%
  • Net Expense Ratio 0.680%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $100,000
  • Investment Status Open
  • TTM Yield 7.73%
  • Average Effective Duration 0.11 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FDAAX

Will FDAAX outperform in the 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 FDAAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin Floating Rate Daily Access Adv holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings FDAAX

More FDAAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin Instl U.S. Govt Mny Mkt Fund

11.09 129M
Cash and Equivalents

Sedgwick Claims Mgmt Services Inc, 9.07734% 07/31/2031 2025 Term Loans

1.50 17M
Corporate

Hub International Limited , 6.5% 06/20/2030 2025 Incremental Term Loans

1.47 17M
Corporate

Hologic Inc, 6.5% 02/10/2033 USD Initial Term B Loans

1.42 16M
Corporate

Zuffa Holdings LLC (TKO Group), 6.5% 10/20/2031 Term B-7 Loan

1.36 16M
Corporate

Ukg Inc (Fka Ultimate Software Group Inc), 8.81426% 02/09/2031 Initial Term

1.30 15M
Corporate

Invesco Senior Loan ETF

1.09 13M
—

Dayforce Inc (fka Ceridian HCM Holdings Inc), 6.5% 02/04/2033 Initial Term

1.05 12M
Corporate

Micro Holding Corp Mh Sub I Llc Webmd Health Corp 6.5% 12/10/2031 2024 Dece

1.01 12M
Corporate

Flynn Restaurant Group Lp, 6.5% 01/28/2032 Series 2025 Term Loans

0.97 11M
Corporate

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