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Franklin Floating Rate Daily Access Adv FDAAX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.83  /  0.00
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    0.730%
  • 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.

Weakness in Franklin Floating Rate Daily Access Adv'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 portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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Portfolio Holdings FDAAX

  • 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