FDAAX Performance — Franklin Floating Rate Daily Access Fund, Advisor Class
Data updated: 2026-09-25
FDAAX returned +1.99% year to date and +3.04% over one year to Jul 2026. Annualised returns are +6.97% over 3 years and +6.24% over 5 years. Against its Ultrashort Corporate Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $122, against $122 for the category, and to $103 over one year, against $106. Volatility over the past three years was 2.30% a year. In the 12 months to Jul 2026 the fund lost a net $248.3M, and assets reached $1.15B.
FDAAX Growth of $100
What $100 invested in Franklin Floating Rate Daily Access Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Corporate Bond category average over the same months.
| Period | FDAAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $122 | $122 |
| 5 years (Aug 2021 – Jul 2026) | $135 | $127 |
| Since data start (Aug 2019 – Jul 2026) | $138 | $135 |
FDAAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.99% |
| 1 year | +3.04% |
| 3 years (annualised) | +6.97% |
| 5 years (annualised) | +6.24% |
FDAAX Annual Returns
Calendar-year total returns of Franklin Floating Rate Daily Access Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.99% |
| 2025 | +4.62% |
| 2024 | +8.44% |
| 2023 | +15.07% |
| 2022 | −1.40% |
| 2021 | +8.53% |
| 2020 | −3.74% |
| 2019 (Aug–Dec) | +0.29% |
FDAAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1% | −0.7% | +0.2% | +1.2% | +0.5% | +0.1% | +0.9% | — | — | — | — | — |
| 2025 | +0.4% | 0.0% | −0.5% | −0.2% | +2.4% | +0.6% | +0.7% | +0.5% | −0.2% | +0.2% | +0.6% | −0.1% |
| 2024 | +1.5% | +1.0% | +0.8% | +0.4% | +0.6% | +0.2% | +0.8% | +0.5% | +0.4% | +0.6% | +1.2% | +0.3% |
| 2023 | +2.7% | +0.5% | +1.0% | +0.9% | −0.1% | +2.4% | +1.2% | +1.4% | +1.4% | −0.3% | +1.4% | +1.8% |
| 2022 | +0.4% | +0.1% | +0.4% | −0.1% | −2.3% | −2.9% | +1.6% | +1.3% | −2.4% | +0.5% | +2.0% | +0.1% |
| 2021 | +0.9% | +0.8% | +0.4% | +0.9% | +1.4% | +0.8% | 0.0% | +2.1% | 0.0% | +0.4% | −0.6% | +1.1% |
| 2020 | +0.9% | −1.2% | −11.3% | +0.7% | +1.2% | +1.1% | +0.9% | +0.4% | +0.9% | −0.5% | +2.3% | +1.4% |
| 2019 | — | — | — | — | — | — | — | −0.5% | +0.2% | −1.0% | +0.5% | +1.0% |
FDAAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.30%
- 3-year Sharpe ratio: 1.07 (vs 4.5% risk-free rate)
- Best month: +2.38% (May 2025)
- Worst month: −0.70% (Feb 2026)
FDAAX Fund Flows
Monthly money in and out of Franklin Floating Rate Daily Access Fund, from SEC Form N-PORT.
- 12-month net flow: −$248.3M
- 12-month gross sales (incl. reinvestments): $357.2M
- Sales ÷ redemptions: 0.59×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $26.5M | $36.9M | −$10.5M |
| Jun 2026 | $23.3M | $34.8M | −$11.5M |
| May 2026 | $22.1M | $34.7M | −$12.6M |
| Apr 2026 | $24.0M | $38.6M | −$14.6M |
| Mar 2026 | $27.0M | $67.0M | −$40.0M |
| Feb 2026 | $28.3M | $68.7M | −$40.4M |
| Jan 2026 | $33.6M | $50.7M | −$17.1M |
| Dec 2025 | $27.0M | $67.9M | −$40.9M |
| Nov 2025 | $33.6M | $47.9M | −$14.3M |
| Oct 2025 | $33.4M | $73.9M | −$40.5M |
| Sep 2025 | $39.1M | $41.2M | −$2.1M |
| Aug 2025 | $39.2M | $43.0M | −$3.9M |
FDAAX Assets Under Management
Net assets of Franklin Floating Rate Daily Access Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.15B |
| 2026-04-30 | $1.19B |
| 2026-01-31 | $1.30B |
| 2025-10-31 | $1.40B |
| 2025-07-31 | $1.46B |
| 2025-04-30 | $1.46B |
| 2025-01-31 | $1.47B |
| 2024-10-31 | $1.42B |
| 2024-07-31 | $1.46B |
| 2024-04-30 | $1.49B |
| 2024-01-31 | $1.44B |
| 2023-10-31 | $1.39B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.