Franklin Floating Rate Daily Access Fund (FDAAX)
The investment seeks a high level of current income; capital preservation is a secondary goal. The fund normally invests at least 80% of its net assets in income-producing floating interest rate corporate loans and corporate debt securities made to or issued by U.S. companies, non-U.S. entities and U.S. subsidiaries of non-U.S. entities. It invests at least 75% of its net assets in floating rate investments that are rated B- or higher at the time of purchase by a nationally recognized statistical rating organization (NRSRO) or, if unrated, are determined to be of comparable quality by the fund's investment manager.
Fund Info
US3536127810
Apr 30, 2001
$100,000
Expense Ratio
FDAAX has an expense ratio of 0.67%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Franklin Floating Rate Daily Access Fund (FDAAX) returned 0.92% year-to-date (YTD) and 5.49% over the past 12 months. Over the past 10 years, FDAAX returned 4.01% annually, underperforming the S&P 500 benchmark at 10.78%.
FDAAX
0.92%
2.43%
2.19%
5.49%
8.07%
4.01%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of FDAAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.42% | 0.01% | -0.44% | -0.80% | 1.74% | 0.92% | |||||||
| 2024 | 1.47% | 0.97% | 0.76% | 0.42% | 0.57% | 0.18% | 0.77% | 0.55% | 0.40% | 0.58% | 1.21% | 0.30% | 8.49% |
| 2023 | 2.66% | 0.53% | 1.00% | 0.87% | -0.08% | 2.36% | 1.19% | 1.40% | 1.43% | -0.33% | 1.41% | 1.80% | 15.16% |
| 2022 | 0.43% | 0.07% | 0.45% | -0.09% | -2.31% | -2.89% | 1.56% | 1.30% | -2.41% | 0.55% | 2.01% | 0.14% | -1.31% |
| 2021 | 0.85% | 0.84% | 0.37% | 0.86% | 1.43% | 0.81% | 0.01% | 2.14% | 0.05% | 0.39% | -0.57% | 1.04% | 8.51% |
| 2020 | 0.94% | -1.21% | -11.32% | 0.74% | 1.22% | 1.13% | 0.92% | 0.38% | 0.91% | -0.45% | 2.29% | 1.43% | -3.71% |
| 2019 | 1.52% | 0.91% | 0.08% | 0.82% | -0.23% | -0.28% | 0.14% | -0.48% | 0.23% | -0.99% | 0.55% | 1.00% | 3.30% |
| 2018 | 1.35% | -0.32% | 0.29% | 0.46% | 0.41% | -0.19% | 0.44% | 0.52% | 0.47% | -0.02% | -0.63% | -1.77% | 0.97% |
| 2017 | 0.33% | 0.26% | 0.18% | 0.25% | 0.30% | 0.06% | 0.43% | -0.12% | 0.08% | 0.71% | 0.13% | -0.17% | 2.45% |
| 2016 | -1.03% | -0.66% | 3.16% | 2.21% | 1.04% | 0.28% | 1.67% | 1.35% | 1.17% | 0.94% | 0.10% | 1.03% | 11.79% |
| 2015 | 0.30% | 1.40% | 0.31% | 0.96% | 0.26% | -0.70% | -0.18% | -0.52% | -1.09% | -0.17% | -1.53% | -0.75% | -1.73% |
| 2014 | 0.41% | 0.18% | 0.21% | -0.02% | 0.44% | 0.43% | 0.11% | 0.13% | -0.43% | 0.06% | 0.37% | -1.10% | 0.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 92, FDAAX is among the top 8% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund (FDAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Franklin Floating Rate Daily Access Fund provided a 8.91% dividend yield over the last twelve months, with an annual payout of $0.68 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.72 | $0.65 | $0.43 | $0.29 | $0.38 | $0.46 | $0.44 | $0.33 | $0.41 | $0.43 | $0.37 |
Dividend yield | 8.91% | 9.39% | 8.34% | 5.91% | 3.70% | 5.07% | 5.63% | 5.20% | 3.81% | 4.58% | 5.12% | 4.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Floating Rate Daily Access Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.04 | $0.05 | $0.05 | $0.00 | $0.19 | |||||||
| 2024 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.09 | $0.72 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.07 | $0.65 |
| 2022 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.06 | $0.43 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2020 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.38 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.44 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2016 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.37 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Floating Rate Daily Access Fund. 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 was 25.73%, occurring on Dec 17, 2008. Recovery took 264 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.73% | Jul 9, 2007 | 366 | Dec 17, 2008 | 264 | Jan 6, 2010 | 630 |
| -18.08% | Feb 10, 2020 | 31 | Mar 24, 2020 | 317 | Jun 25, 2021 | 348 |
| -7.07% | Jun 3, 2015 | 185 | Feb 25, 2016 | 89 | Jul 1, 2016 | 274 |
| -6.21% | Apr 8, 2022 | 60 | Jul 6, 2022 | 146 | Feb 2, 2023 | 206 |
| -5.46% | Aug 1, 2011 | 18 | Aug 24, 2011 | 109 | Jan 31, 2012 | 127 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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