FLDBX Fees and Costs — Franklin Long Duration Credit Fund, Class R6
Data updated: 2026-09-25
The net expense ratio is 0.30%: a 0.30% management fee plus 0.23% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 33%.
FLDBX Fees and Expenses
Annual operating expenses and sales charges of FLDBX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.53% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FLDBX Costs Over Time
On $10,000 invested in FLDBX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
FLDBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $99.1M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
FLDBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $37.3M | 62.77% |
| BofA Securities, Inc. | $5.3M | 8.87% |
| Morgan Stanley & Co. LLC | $4.8M | 8.03% |
| Goldman Sachs & Co. LLC | $4.4M | 7.33% |
| Citigroup Global Markets Inc. | $3.3M | 5.64% |
| Barclays Capital, Inc. | $2.4M | 4.06% |
| BNP Paribas Securities Corp. | $2.0M | 3.30% |
Franklin Long Duration Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FLDBX | Class R6 | 0.30% | none |
| C000244293 | C000244293 | 0.33% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.