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.
Fund Fact Sheet - Advisor
A single-page data sheet describing Franklin K2 Long Short Credit Fund's objective, portfolio holdings and performance.
Literature Code: | 998-FF |
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Publication Date: | 12/20 |
Next Update: | 03/21 |
Fund Fact Sheet - A, C
A single-page data sheet describing Franklin K2 Long Short Credit Fund's objective, portfolio holdings and performance.
Literature Code: | 948-FF |
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Publication Date: | 12/20 |
Next Update: | 03/21 |
Summary Prospectus
A summarized version of the prospectus explaining the Franklin K2 Long Short Credit Fund's investment goals, principal strategies and risks, as well as sales charges, fees and expenses.
Literature Code: | 948-PSUM |
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Publication Date: | 10/20 |
Next Update: | 10/21 |
Prospectus
The prospectus explains the Franklin K2 Long Short Credit Fund's goal, investments and risks, as well as sales charges, fees and expenses.
Literature Code: | 948-P |
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Publication Date: | 10/20 |
Next Update: | 10/21 |
SAI
Supplemental to the Franklin K2 Long Short Credit Fund's prospectus, the Statement of Additional Information provides a more detailed description of the fund's activities and operations.
Literature Code: | 948-SAI |
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Publication Date: | 10/20 |
Next Update: | 10/21 |
Annual Report
A discussion of market conditions and fund performance covering the fund'sfiscal year, along with a complete list of holdings and detailed financialinformation.
Literature Code: | 948-A |
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Publication Date: | 07/20 |
Next Update: | 07/21 |
Semi-Annual Report
A discussion of market conditions and fund performance covering the first half of the fund's fiscal year, along with a complete list of holdings and detailed financial information.
Literature Code: | 948-S |
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Publication Date: | 01/21 |
Next Update: | 01/22 |
XBRL File(ZIP, 2171k)
Literature Code: | |
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Publication Date: | 09/18 |
Next Update: |
Account Application Form
Literature Code: | GOF-APP |
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Publication Date: | 02/20 |
Next Update: | 08/20 |
Open and invest in most funds using this application.
IRA Application Form
Literature Code: | RIRA-APP |
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Publication Date: | 02/20 |
Next Update: | 11/20 |
Open and invest in a Traditional or Roth IRA, convert your Traditional IRA to a Roth Conversion IRA, or roll over a 401(k), 403(b) or other qualified plan distribution to a Rollover IRA using this application and included documents.