Morningstar

Franklin Floating Rate Daily Access Fund Class R6 FFRDX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.27  /  0.00
  • Total Assets 1.2B
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.600%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Large
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 7.98%
  • Effective Duration 0.11 years

USD | NAV as of Jul 14, 2026 | 1-Day Return as of Jul 14, 2026, 12:43 AM GMT+0

Morningstar’s Analysis FFRDX

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

  • People Pillar

    The People Pillar is our evaluation of the FFRDX 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 FFRDX’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 R6 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.

by Morningstar Automated Analysis
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Portfolio Holdings FFRDX

More FFRDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin Instl U.S. Govt Mny Mkt Fund

7.93 94M
Cash and Equivalents

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

1.78 21M
Corporate

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

1.62 19M
Corporate

Sedgwick Claims Mgmt Services Inc, 9.07734% 07/31/2031 2024 Term Loans

1.48 17M
Corporate

General Nutrition Centers Inc., 10.77929% 10/07/2026 2nd Lien Term Loan (Pi

1.41 17M
Corporate

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

1.39 16M
Corporate

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

1.32 16M
Corporate

Invesco Senior Loan ETF

1.06 13M
—

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

1.01 12M
Corporate

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

0.97 12M
Corporate

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