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Managed Fund Since 2023
Fixed Income
FLDBX Franklin Long Duration Credit Fund
- Aims for Additional Source of Alpha: The portfolio construction process supplements traditional sources of value add like sector allocation and security selection, providing an additional source of potential alpha.
- Risk Mitigation: As part of the investment process, portfolios are stress-tested through different interest rate and credit scenarios, with the objective of building portfolios that deliver favorable outcomes relative to the benchmark during periods of heightened market volatility.
- Pure IG Credit Exposure: The strategy has little to no exposure in off-benchmark security types (high yield, credit, structured products, etc.) and invests predominately in investment grade securities. Portfolios are managed to be neutral from a duration and beta perspective relative to benchmarks, seeking to minimize further, unintended credit risk.
Popular Documents
Overview
Fund Facts
Fund description
The Fund’s investment goal is to seek to maximize risk-adjusted returns through a combination of income and capital appreciation.
- Benchmark
- Bloomberg U.S. Long Credit Index
- Dividend Frequency, if any
- Monthly
- Fund Inception Date
- 08/22/2023
- Distribution Rate at NAV
As of 02/06/2026 (Updated Daily) - 5.38%
- Effective Duration
As of 01/31/2026 (Updated Monthly) - 12.51 Years
Identifiers
- Ticker
- FLDBX
- Fund Number
- 814
- CUSIP Code
- 353612369
Average Annual Total Returns As of 12/31/2025
Class R6
- 7.32%1 Year
- —3 Years
- —5 Years
- —10 Years
- 6.74%Since Inception
08/22/2023
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 01/31/2026 % of Total (Updated Monthly)
Consumer Non-Cyclical17.65% | |
Electric11.03% | |
Communications10.39% | |
Banking9.68% | |
Technology8.97% |
Additional Fund Info
- Share Class Inception Date
- 08/22/2023
- Investment Style
- Corporate Credit
- Lipper Classification
- Corporate Debt Funds BBB-Rated
- Morningstar Category
8 - Long-Term Bond
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-drives approach means maintaining portfolio and risk exposures that align with client expectations.
Franklin Templeton Fixed Income
![[Michael Chos avatar]](https://franklintempletonprod.widen.net/content/bgpafu4dht/webp/Cho_Michael_500x500.png){kind=avatar}
Managed Fund Since 2023
![[Andrew C Bensons avatar]](https://franklintempletonprod.widen.net/content/dnwdsns656/webp/Benson_Andrew_500x500.png){kind=avatar}
Managed Fund Since 2024
Latest Insights
January 26, 2026
January 8, 2026
Performance
Average Annual Total Returns
As of 12/31/2025
Selected Month December 2025
Class R6 - With Sales Charge (POP) (%)
Month End
As of 12/31/2025
Class R6 - Without Sales Charge (NAV) (%)
Month End
As of 12/31/2025
Bloomberg U.S. Long Credit Index (%)
Month End
As of 12/31/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Portfolio
Assets
As of01/31/2026 (Updated Monthly)
- Total Net Assets
- $63.13 Million
Positions
As of 01/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 351
- Benchmark
- 3,453
Portfolio Statistics
As of 01/31/2026 (Updated Monthly)
Effective Duration
- Fund
- 12.51 Years
- Benchmark
- 12.47 Years
- Fund
- 21.45 Years
- Benchmark
- 21.93 Years
Asset Allocation
As of 01/31/2026 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Fixed Income | 100.07% |
Cash & Cash Equivalents | -0.07% |
Holdings
As of 01/31/2026 (Updated Monthly)
Burlington Northern Santa Fe LLC, SR UNSECURED, Sr Unsecured, 5.75%, 5/01/40
Apple Inc., senior bond, 3.85%, 5/04/43
Anheuser-Busch Cos. LLC/InBev Worldwide Inc., senior bond, 4.90%, 2/01/46
Bank of America Corp.,senior bond, 2.676% to 6/19/40FRN thereafter, 6/19/41
MidAmerican Energy Co., first lien, 3.15%, 4/15/50
T-Mobile USA Inc, SR UNSECURED, Sr Unsecured, 3.40%, 10/15/52
Florida Power & Light, secured note, 4.05%, 6/01/42
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., senior secured bond, first lien, 5.375%, 4/01/38
Morgan Stanley,senior bond, 3.971% to 7/21/37,FRN thereafter, 7/22/38
AT&T Inc., senior bond, 4.75%, 5/15/46
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 5.38%
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
01/26/2026
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Long Duration Credit Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Long Duration Credit Fund - Class R6 | |||
| Annual Financial Statements And Other Information - Franklin Investors securities Trust | |||
| Semi-Annual Report - Franklin Long Duration Credit Fund Class R6 | |||
| Semiannual Financial Statements and Other Information - Franklin Investors Securities Trust | |||
| Prospectus - Franklin Long Duration Credit Fund | |||
| Summary Prospectus - Franklin Long Duration Credit Fund | |||
| Statement of Additional Information - Franklin Long Duration Credit Fund | |||
| Fiscal Q1 Holdings - Franklin Investors Securities Trust Funds | |||
| Fiscal Q3 Holdings - Franklin Investors Securities Trust Funds |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond's issuer, insurer or guarantor, may affect the bond's value. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund's prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The Bloomberg US Long Credit Index measures the performance of investment-grade, U.S. dollar-denominated, fixed-rate, taxable corporate and non-corporate (non-U.S. agencies, sovereigns, supranationals and local authorities) debt with at least 10 years to maturity.
Source: Bloomberg Indices.