The Franklin Floating Rate Daily Access Fund-Class C (FCFRX) is a mutual fund that primarily invests in floating rate loans and other debt securities. These types of investments have variable interest rates that adjust periodically, making them less sensitive to changes in interest rates. This fund offers investors daily access to their investments, allowing for flexibility and liquidity. The Class C shares of this fund typically have lower expenses and may be suitable for investors looking for a lower-cost option. Overall, the Franklin Floating Rate Daily Access Fund-Class C aims to provide a steady stream of income while minimizing interest rate risk.