Franklin K2 Alternative Strategies Fund

Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/11/2013
Fund without Sales Charge (%) (NAV) 0.19 1.84 1.60 3.11
Fund with Sales Charge (%) (POP) 0.19 1.84 1.60 3.11
HFRX Global Hedge Fund Index (%) 2.95 0.67 0.11 0.85 0.66
ICE BofAML US 3-Month Treasury Bill Index (%) 1.84 1.79 1.19 0.64 0.91
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/11/2013
Fund without Sales Charge (%) (NAV) -4.18 0.64 0.79 2.48
Fund with Sales Charge (%) (POP) -4.18 0.64 0.79 2.48
HFRX Global Hedge Fund Index (%) -1.39 -0.54 -0.65 0.23 0.01
ICE BofAML US 3-Month Treasury Bill Index (%) 2.25 1.83 1.19 0.64 0.93

Calendar Year Returns

2019 2018 2017 2016 2015 2014
Fund without Sales Charge (%) (NAV) 7.43 -2.19 6.84 1.90 0.19 5.23
Fund with Sales Charge (%) (POP) 7.43 -2.19 6.84 1.90 0.19 5.23
HFRX Global Hedge Fund Index (%) 8.62 -6.72 5.99 2.50 -3.64 -0.58
ICE BofAML US 3-Month Treasury Bill Index (%) 2.28 1.87 0.86 0.33 0.05 0.04

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) -2.52 0.19 5.62 8.25 22.54
Fund with Sales Charge (%) (POP) -2.52 0.19 5.62 8.25 22.54
HFRX Global Hedge Fund Index (%) -2.79 2.95 2.01 0.56 8.85 4.44
ICE BofAML US 3-Month Treasury Bill Index (%) 0.58 1.84 5.47 6.10 6.54 6.20
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/11/2013
Fund without Sales Charge (%) (NAV) -6.76 -4.18 1.93 3.99 17.19
Fund with Sales Charge (%) (POP) -6.76 -4.18 1.93 3.99 17.19
HFRX Global Hedge Fund Index (%) -6.85 -1.39 -1.60 -3.19 2.36 0.07
ICE BofAML US 3-Month Treasury Bill Index (%) 0.57 2.25 5.58 6.09 6.56 6.19

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -0.10 1.36 1.12
Fund without Sales Charge (%) (NAV) After Shares Sold 0.19 1.30 1.09
Fund with Sales Charge (%) (POP) Before Shares Sold -0.10 1.36 1.12
Fund with Sales Charge (%) (POP) After Shares Sold 0.19 1.30 1.09
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.46 0.16 0.31
Fund without Sales Charge (%) (NAV) After Shares Sold -2.39 0.40 0.47
Fund with Sales Charge (%) (POP) Before Shares Sold -4.46 0.16 0.31
Fund with Sales Charge (%) (POP) After Shares Sold -2.39 0.40 0.47

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Management Fee 1.90%
Dividend Expense and Borrowing Fees for Securities Sold Short 0.36%
Additional Expenses 0.28%
Gross Expense Ratio 2.54%
Net Expense Ratio [further-information] 2.34%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 0.28
Alpha -2.35
Sharpe Ratio 0.06
Correlation 0.91
R-Squared 0.83
Standard Deviation 5.14

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • HFRX Global Hedge Fund Index
  • ICE BofAML US 3-Month Treasury Bill Index