Franklin Long Duration Credit Fund
Data updated: 2026-09-25
C000244293 — Franklin Long Duration Credit Fund. 0.33% expense ratio · no sales load · since 2023. Holdings, fees, performance and SEC filings.
C000244293 Fund Overview
Franklin Long Duration Credit Fund is a US mutual fund managed by Franklin Investors Securities Trust, categorised as Long Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Investors Securities Trust
- Category: Long Corporate Bond
- Assets under management: $61.09M
- SEC CIK: 0000809707
- SEC series ID: S000081420
- Share class ID: C000244293
C000244293 Investment Objective and Strategy
Franklin Long Duration Credit Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Franklin Investors Securities Trust.
Investment objective
The Funds investment goal is to seek to maximize risk-adjusted returns through a combination of income and capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets in fixed income securities. For purposes of the Funds investment goal, the investment manager considers risk-adjusted returns to mean the calculation of the return (or potential return) on an investment when compared to the Funds benchmark. Under normal market conditions, the Fund seeks to maintain a dollar-weighted average effective portfolio duration within one year (plus or minus) of the portfolio duration of the securities comprising the Funds benchmark, the Bloomberg U.S. Long Credit Index. As of January 31, 2026, the portfolio duration of the Bloomberg U.S. Long Credit Index was approximately 12.47 years. The dollar-weighted average effective duration of the Fund may fall outside of its expected range due to market movements or during the management of significant cash flows into and out of the Fund.
In these circumstances, the investment manager will take action to bring the Funds dollar-weighted average effective duration back within its expected range within a reasonable period of time. The dollar-weighted average portfolio maturity of the Fund, under normal circumstances, is expected to be more than ten years. Under normal market conditions, the Fund invests predominately in investment grade securities. Under normal circumstances, the Funds investments will be U.S. dollar-denominated, although they may be issued by a foreign corporation or a U.S. affiliate of a foreign corporation, a foreign government or its agencies and instrumentalities or a supranational organization. The Funds investments may include various types of bonds and debt securities, including corporate bonds, U.S. money market securities, municipal securities, U.S.
government and agency obligations, cash or cash equivalents, private placements and restricted securities, and Rule 144A securities that have characteristics (i.e., rated investment grade or higher by ratings agencies) and liquidity (i.e., trade in secondary markets to a comparable degree and/or have registration rights) resembling investments eligible for inclusion in the Funds benchmark. The Fund may also enter into U.S. Treasury futures contracts for hedging purposes and to manage duration or cash flows. The investment managers investment process for the Fund is comprised of three pillars: bottom-up security selection, portfolio construction analysis and risk management. A team of credit research analysts conducts fundamental analysis to identify mispriced bonds and other securities that would add value to the portfolio.
Portfolio managers utilize these best research ideas in security selection and seek to aggregate them into a diversified portfolio that balances risks with the potential to generate total return. Lastly, risk management professionals employ quantitative analysis and stress test portfolios through different interest rate and credit spread scenarios consistent with an objective of mitigating risk relative to the benchmark. The investment manager will sell a security when it believes it is appropriate to do so, regardless of how long the Fund has held the security. Consequently, the Fund's portfolio turnover rate may exceed 100% per year. The rate of portfolio turnover will not be a limiting factor for the investment manager in making decisions on when to buy or sell securities.
C000244293 Holdings
Top 10 holdings of Franklin Long Duration Credit Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Franklin Institutional U.S. Government Money Market Fund | 1.31% |
| Burlington Northern Santa Fe LLC | 1.16% |
| Apple, Inc. | 0.98% |
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. | 0.92% |
| Bank of America Corp. | 0.86% |
| MidAmerican Energy Co. | 0.79% |
| Florida Power & Light Co. | 0.77% |
| AT&T, Inc. | 0.71% |
| CVS Health Corp. | 0.71% |
| NVIDIA Corp. | 0.71% |
C000244293 Portfolio Allocation
Asset-class allocation of Franklin Long Duration Credit Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.2% |
| Cash & Equivalents | 1.3% |
C000244293 Performance
Total returns for C000244293 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -2.82% |
C000244293 Costs and Fees
C000244293 costs about $33 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.33%
- Gross expense ratio: 0.58%
- Portfolio turnover: 33%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000244293 Cashflows
Over the 12 months to 2026-07, Franklin Long Duration Credit Fund had net inflows of $5.36M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $918.40K |
| 2026-06 | $183.45K |
| 2026-05 | $62.91K |
| 2026-04 | $158.82K |
| 2026-03 | $238.25K |
| 2026-02 | −$24.09K |
C000244293 Debt Constituents
Largest debt holdings of Franklin Long Duration Credit Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Burlington Northern Santa Fe LLC | 1.16% |
| Apple, Inc. | 0.98% |
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. | 0.92% |
| Bank of America Corp. | 0.86% |
| MidAmerican Energy Co. | 0.79% |
| Florida Power & Light Co. | 0.77% |
| AT&T, Inc. | 0.71% |
| CVS Health Corp. | 0.71% |
| NVIDIA Corp. | 0.71% |
| Honeywell Aerospace, Inc. | 0.70% |
C000244293 Prospectus and SEC Filings
Official Franklin Long Duration Credit Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-25
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Long Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.