Franklin Floating Rate Daily Access Fund

Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/2001
Fund without Sales Charge (%) (NAV) -10.29 -2.33 -0.18 1.91 2.44
Fund with Sales Charge (%) (POP) -11.15 -2.33 -0.18 1.91 2.44
Credit Suisse Leveraged Loan Index (%) -3.35 1.66 2.60 4.17 4.30
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/2001
Fund without Sales Charge (%) (NAV) -11.52 -2.78 -0.33 1.67 2.36
Fund with Sales Charge (%) (POP) -12.36 -2.78 -0.33 1.67 2.36
Credit Suisse Leveraged Loan Index (%) -9.51 -0.73 1.21 3.26 3.90

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -11.98 -4.04 -1.90 0.30
Fund without Sales Charge (%) (NAV) After Shares Sold -6.01 -2.40 -0.82 0.83
Fund with Sales Charge (%) (POP) Before Shares Sold -12.83 -4.04 -1.90 0.30
Fund with Sales Charge (%) (POP) After Shares Sold -6.52 -2.40 -0.82 0.83
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -13.21 -4.46 -2.04 0.07
Fund without Sales Charge (%) (NAV) After Shares Sold -6.70 -2.71 -0.92 0.65
Fund with Sales Charge (%) (POP) Before Shares Sold -14.05 -4.46 -2.04 0.07
Fund with Sales Charge (%) (POP) After Shares Sold -7.19 -2.71 -0.92 0.65

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 2.61 0.26 1.79 11.04 -2.40 0.09 4.12 7.52 0.59 7.80
Fund with Sales Charge (%) (POP) 1.64 -0.70 0.80 10.04 -3.33 -0.88 3.12 6.52 -0.38 6.80
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 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/2001
Fund without Sales Charge (%) (NAV) -9.73 -10.08 -10.29 -6.81 -0.91 20.86 58.35
Fund with Sales Charge (%) (POP) -10.63 -10.97 -11.15 -6.81 -0.91 20.86 58.35
Credit Suisse Leveraged Loan Index (%) -5.24 -6.02 -3.35 5.06 13.69 50.47 123.36
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/2001
Fund without Sales Charge (%) (NAV) -11.73 -11.73 -11.52 -8.11 -1.64 18.01 55.46
Fund with Sales Charge (%) (POP) -12.60 -12.60 -12.36 -8.11 -1.64 18.01 55.46
Credit Suisse Leveraged Loan Index (%) -13.19 -13.19 -9.51 -2.16 6.18 37.88 106.33

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 7.00 5.96 4.74
Standard Deviation (Credit Suisse Leveraged Loan Index) 8.44 6.82 5.30
Beta 0.79 0.83 0.85
Sharpe Ratio -0.57 -0.22 0.28
Information Ratio -1.46 -1.24 -1.36
Tracking Error 2.72 2.25 1.66

SALES CHARGE, EXPENSES & FEES As of 03/01/2020 (updated annually)

Gross Expense Ratio 1.32%
Net Expense Ratio [further-information] 1.29%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 05/31/2020 Updated Monthly, based on a 3-year period

Beta 0.79
Sharpe Ratio -0.57
Standard Deviation 7.00

Benchmarks

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

  • Credit Suisse Leveraged Loan Index