FAFRX : Franklin Floating Rate Daily Access Fund Class A

FAFRX is a Bond Market High Yield Bond with MODERATE fees.

FAFRX

Franklin Floating Rate Daily Access Fund Class A

FI Score

46 /100

Expense Ratio Rating

6 /10

Expense Rating

1 /10

Market Score

8 /10

Category Score

0 /10

Market Size

8 /10

46% FI Score
  • fafrx
  • Mutual Fund
  • Bond
  • High Yield Bond

Franklin Floating Rate Daily Access Fund Class A

Expenses: 0.86% (Better than 1% of similar funds)

This is a bad choice for a High Yield Bond Bond fund. See why ยป

Fund Summary

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.

Largest Holdings

Amount Holding
2.90% Fgi Operating Co Llc (Freedom Group) 12.3425% 05/15/2022 Term Loan Togg Pik
2.36% CSC HOLDINGS LLC 4.5565% 07/17/2025 MARCH 2017 INCREMENTAL TERM LOANS
2.17% JBS USA LUX SA 6.5% 05/01/2026 NEW TERM LOANS
2.00% 99 CENTS ONLY STORES 8.80431% 01/13/2022 FIRST LIEN TERM LOAN (PIK)
1.99% NAVISTAR INC 5.89% 11/06/2024 TRANCHE B TERM LOAN
1.91% Appvion Operations Inc 6.5% 06/15/2026 Term Loan
1.88% SINCLAIR TELEVISION GROUP INC 4.6% 01/03/2024 TRANCHE B TERM LOANS
1.71% GRAY TELEVISION INC 4.34025% 02/07/2024 TERM B-2 LOAN
1.52% Bi - Lo, Llc (Southeastern Grocers) 6.5% 05/30/2022 Filo Loan (Abl)
1.50% Appvion Operations Inc Com Usd Npv
1.47% VALEANT PHARMACEUTICALS INTERNATIONAL 6.50% 06/02/2025 INITAL TERM LOANS
1.39% Berry Global Inc 6.5% 07/01/2026 Term Y Loans
1.35% FIELDWOOD ENERGY LLC 7.15076% 04/11/2022 CLOSING DATE LOANS
1.25% TIBCO SOFTWARE INC 6.5% 07/31/2026 TERM B-3 LOANS
1.24% Horizon Pharma Inc 4% 05/22/2026 Seventh Amendment Refinancing Term Loans
1.16% VENTIA PTY LTD 6.5% 05/21/2026 TERM B LOANS
1.13% Lions Gate Entertainment Corp 6.50% 03/22/2023 Term A Loan
1.10% Lcm Xxiv Ltd 2.45%
1.09% Resideo Funding Inc 6.5% 10/25/2023 Tranche A Term Loan
1.07% TI GROUP AUTOMOTIVE SYSTEMS LLC 4.37688% 06/30/2022 INITIAL US TERM LOAN
1.06% ALLEGIANT TRAVEL CO 6.5% 02/05/2024 CLASS B TERM LOAN
1.05% DIAMOND SPORTS GROUP LLC 6.5% 08/24/2026 TERM LOAN
1.02% ONSITE RENTAL GROUP OPERATIONS PTY LTD 6.10%/6.10% 10/26/2023 TOGG PIK
0.96% GRIFOLS WORLDWIDE OPERATIONS USA INC 6.5% 11/15/2027 DOLLAR TRANCHE B TERM
0.94% STRIKE LLC 10.59065% 11/30/2022 TERM LOAN

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