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Morningstar

Franklin Floating Rate Daily Access R6 FFRDX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.80  /  +0.03 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 8.59%
  • Effective Duration 0.15 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis FFRDX

Will FFRDX 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 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.

Weakness in Franklin Floating Rate Daily Access R6'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 cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FFRDX

More FFRDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JOINT REPO ACCOUNT - JPM 5.231991% 04/01/24 REPO

7.85 117.1 Mil
Cash and Equivalents

Franklin IFT Money Market

4.98 74.3 Mil
Cash and Equivalents

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

0.96 14.4 Mil
Corporate

UTEX INDUSTRIES INC COM USD 1

0.94 14.0 Mil
—

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

0.94 14.0 Mil
Corporate

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

0.91 13.6 Mil
Corporate

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

0.89 13.3 Mil
Corporate

TALOS ENERGY INC COM USD NPV *RESTRICTED SHARES*

0.88 13.1 Mil
—

Invesco Senior Loan ETF

0.87 13.0 Mil
—

ALL DAY ACQUISITIONCO LLC (24 HOUR FITNESS) 10.65169% 12/28/2025 EXIT TERM

0.82 12.3 Mil
Corporate