Morningstar

Franklin Long Duration Credit Fund Class Advisor FVLDX

Medalist Rating as of Aug 31, 2026 See Franklin Templeton Investment Hub

Strategy

The investment seeks to maximize risk-adjusted returns through a combination of income and capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in fixed income securities. The fund advisor 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 fund’s benchmark, the Bloomberg U.S. Long Credit Index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FVLDX	Franklin Long Duration Credit Fund Class Advisor	Front Load	Open			Jun 10, 2026	$4,656.00	0.090%	Low	$0	—
FLDBX	Franklin Long Duration Credit Fund Class R6	Retirement, Large	Open			Aug 22, 2023	$65.81M	0.300%	Low	$0	$6.31M

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