Franklin Floating Rate Daily Access Fund

Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/2001
Fund without Sales Charge (%) (NAV) 3.15 1.95 2.97 3.69 3.48
Fund with Sales Charge (%) (POP) 0.87 1.20 2.49 3.46 3.36
Credit Suisse Leveraged Loan Index (%) 8.17 4.48 4.54 5.18 4.75
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/2001
Fund without Sales Charge (%) (NAV) 3.15 1.95 2.97 3.69 3.48
Fund with Sales Charge (%) (POP) 0.87 1.20 2.49 3.46 3.36
Credit Suisse Leveraged Loan Index (%) 8.17 4.48 4.54 5.18 4.75

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.96 0.07 1.03 1.91
Fund without Sales Charge (%) (NAV) After Shares Sold 1.85 0.68 1.40 2.08
Fund with Sales Charge (%) (POP) Before Shares Sold -1.27 -0.67 0.56 1.68
Fund with Sales Charge (%) (POP) After Shares Sold 0.51 0.11 1.04 1.90
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.96 0.07 1.03 1.91
Fund without Sales Charge (%) (NAV) After Shares Sold 1.85 0.68 1.40 2.08
Fund with Sales Charge (%) (POP) Before Shares Sold -1.27 -0.67 0.56 1.68
Fund with Sales Charge (%) (POP) After Shares Sold 0.51 0.11 1.04 1.90

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 3.15 0.54 2.18 11.62 -2.12 0.49 4.53 8.07 0.87 8.36
Fund with Sales Charge (%) (POP) 0.87 -1.70 -0.07 9.13 -4.38 -1.75 2.18 5.68 -1.39 5.95
Credit Suisse Leveraged Loan Index (%) 8.17 1.14 4.25 9.88 -0.38 2.06 6.15 9.43 1.82 9.97

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/2001
Fund without Sales Charge (%) (NAV) 0.49 3.15 3.15 5.97 15.77 43.65 89.50
Fund with Sales Charge (%) (POP) -1.76 0.87 0.87 3.63 13.10 40.46 85.24
Credit Suisse Leveraged Loan Index (%) 1.68 8.17 8.17 14.06 24.84 65.73 137.68
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/2001
Fund without Sales Charge (%) (NAV) 0.49 3.15 3.15 5.97 15.77 43.65 89.50
Fund with Sales Charge (%) (POP) -1.76 0.87 0.87 3.63 13.10 40.46 85.24
Credit Suisse Leveraged Loan Index (%) 1.68 8.17 8.17 14.06 24.84 65.73 137.68

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.19 2.98 3.05
Standard Deviation (Credit Suisse Leveraged Loan Index) 2.63 2.85 3.12
Beta 0.78 0.99 0.94
Sharpe Ratio 0.15 0.65 1.03
Information Ratio -2.47 -1.47 -1.59
Tracking Error 1.02 1.06 0.93

SALES CHARGE, EXPENSES & FEES As of 03/01/2019 (updated annually)

Gross Expense Ratio 0.93%
Net Expense Ratio [further-information] 0.87%
Max Initial Sales Charge 2.25%
CDSC 0.75%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Beta 0.78
Sharpe Ratio 0.15
Standard Deviation 2.19

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • Credit Suisse Leveraged Loan Index