The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.
Franklin Floating Rate Daily Access Adv FDAAX
- NAV / 1-Day Return 7.83 / 0.00
- Total Assets 1.5 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.730%
- Distribution Fee Level Average
- Share Class Type Institutional
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 100,000
- Status Open
- TTM Yield 8.42%
- Effective Duration 0.15 years
USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:12 PM GMT+0
Morningstar’s Analysis FDAAX
Will FDAAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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 |