Profile and investment
| Fund type | Open Ended Investment Company |
|---|---|
| Morningstar category | Bank Loan |
| Launch date | 01 May 2013 |
| Price currency | USD |
| Domicile | United States |
| Symbol | FFRDX |
| Manager & start date | Justin Ma 01 Jun 2013 Reema Agarwal 31 Jan 2019 Margaret Chiu 01 Mar 2019 Judy Sher 31 Dec 2019 |
| Pricing frequency | Daily |
|---|---|
| Total net assets | 1.49bn USD As of Apr 30 2024 |
| Share class size | 118.17m USD As of Apr 30 2024 |
| Net expense ratio | 0.61% |
| Front end load | -- |
| Deferred load | -- |
| Maximum Redemption Fee | -- |
| Min. initial investment | 1,000,000.00 USD |
| Min. additional investment | -- |
| Initial IRA | -- |
| Additional IRA | -- |
| Available for sale | United States |
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Top 5 holdings
| Top 5 holdings as a per cent of portfolio | |||
|---|---|---|---|
| 46.44% | 8.73% | 0.00% | 8.73% |
| Category average | % Net assets | % Short | % Long |
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| Franklin IFT Money Market | 0.00% | 4.98% | |
| Pitney Bowes Inc 6.5% 03/19/2028 Refinancing Tranche B Term Loan | -- | 0.96% | |
| Athenahealth Group Inc 6.5% 02/15/2029 Initial Term Loans | -- | 0.94% | |
| UTEX INDUSTRIES INC COM USD 1 | -- | 0.94% | |
| General Nutrition Centers Inc 10.77929% 10/07/2026 2nd Lien Term Loan (Pik) | -- | 0.91% | |
| Per cent of portfolio in top 5 holdings: 8.73% |
Asset type
| US bond | 87.76% |
| Cash | 7.32% |
| Non-US bond | 3.10% |
| US stock | 0.00% |
| Non-US stock | 0.00% |
| Other | 1.82% |
Top 5 sectors
| Bank Loan | 83.27% |
| Cash & Equivalents | 12.96% |
| Corporate Bond | 6.88% |
| Asset-Backed | 0.65% |
Top 5 regions
Sector and region weightings are calculated using only long position holdings of the portfolio.
