FBSPX

About FBSPX

Franklin BSP Private Credit Fund Advisor Class is a fixed income mutual fund that primarily focuses on private credit investments within the United States. The fund aims to deliver attractive risk-adjusted returns coupled with consistent current income by investing in debt issued by middle market companies, typically those with annual revenues up to $1 billion. Its diversified portfolio includes both directly originated and broadly syndicated corporate loans, high yield bonds, secured and unsecured debt, special situations, real estate credit, and collateralized loan obligations. Notably, a significant portion of the portfolio consists of floating-rate and senior secured loans, providing some protection against interest rate fluctuations and emphasizing credit quality. As an interval fund, it offers the convenience of daily purchases and quarterly repurchase offers, providing investors exposure to less liquid private credit markets that are ordinarily inaccessible in traditional open-end structures. The Franklin BSP Private Credit Fund Advisor Class plays a distinctive role in the market by enabling investors to participate in the private lending space, which can offer alternative sources of yield and diversification beyond public fixed income securities.