This fund has entered into a new sub-advisory agreement with Benefit Street Partners, LLC. Please refer to the Information Statement for more information.
Effective from March 1, 2020, the Fund’s contractual management fee rate has been reduced to 1.60%, decreasing the total annual Fund operating expenses across all share classes. The Fund’s expense reduction is contractually guaranteed through September 30, 2021. Please refer to the relevant share class page for full details.
Beginning on 10/19/18, Class C shares held for 10 years or more will automatically convert to Class A shares. Thereafter, Class C shares held for 10 years or more will automatically convert to Class A shares on a monthly basis. This conversion allows shareholders to take advantage of the lower expenses offered by Class A shares. Please see the prospectus supplement for more information. If you have any questions, please contact your financial professional or call Franklin Templeton.
Effective 9/10/18, certain sales charges and commissions paid to dealers on Class A and A1 shares of our mutual funds changed. Please see the prospectus supplement for more information. If you have additional questions, please contact your financial professional or call Franklin Templeton.
The fund seeks total return over a complete market cycle (through a combination of current income, capital preservation and capital appreciation), by allocating its assets across multiple alternative fixed income and credit strategies.
Investment Philosophy
Our investment philosophy is to work to deliver total returns by seeking to produce attractive risk-adjusted returns with lower correlation to traditional fixed income asset classes and reduced volatility. We believe that active risk management, rigorous manager research and active strategy allocation are key to a successful multi-manager alternatives fund.
Investment Process
K2 Advisors (K2) combines manager research with strategy allocation analysis to contruct a dynamic multimanager fund that seeks to reduce downside risk while providing return potential from a complementary alternative source of returns.
A Diversified Alternative Fixed Income Solution
We do not publish a style box for this fund.
Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.