Franklin Floating Rate Daily Access Fund Class A (FAFRX)

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The chart shows the growth of an initial investment of $10,000 in Franklin Floating Rate Daily Access Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Franklin Floating Rate Daily Access Fund Class A (FAFRX) has returned -1.38% so far this year and 2.92% over the past 12 months. Over the last ten years, FAFRX has returned 4.21% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Apr 30, 2001, FAFRX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, your investment would double in approximately 19.9 years.

Historically, 76% of months were positive and 24% were negative. The best month was Jan 2009 with a return of +6.7%, while the worst month was Oct 2008 at -12.7%. The longest winning streak lasted 37 consecutive months, and the longest losing streak was 9 months.

On a daily basis, FAFRX closed higher 22% of trading days. The best single day was Mar 26, 2020 with a return of +2.6%, while the worst single day was Mar 18, 2020 at -3.1%.

Franklin Floating Rate Daily Access Fund Class A has an annualized alpha of 3.24%, beta of 0.03, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since May 01, 2001.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.37%) than losses (11.56%) — typical of diversified or defensive assets.
• Beta of 0.03 may look defensive, but with R² of 0.04 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.04 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FAFRX has a high expense ratio of 0.95%, indicating above-average management fees.

FAFRX ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund Class A (FAFRX) and compare them to a chosen benchmark (S&P 500 Index).

Franklin Floating Rate Daily Access Fund Class A provided a 7.18% dividend yield over the last twelve months, with an annual payout of $0.52 per share.

The table displays the monthly dividend distributions for Franklin Floating Rate Daily Access Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Franklin Floating Rate Daily Access Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Franklin Floating Rate Daily Access Fund Class A was 25.94%, occurring on Dec 17, 2008. Recovery took 280 trading sessions.

The current Franklin Floating Rate Daily Access Fund Class A drawdown is 1.78%.

The chart below shows the rolling one-month volatility.