Franklin Alternative Strategies Fund Class A (FAAAX)
| Fund Assets | 605.26M |
| Expense Ratio | 2.43% |
| Min. Investment | $1,000 |
| Turnover | 266.59% |
| Dividend (ttm) | 0.74 |
| Dividend Yield | 6.01% |
| Dividend Growth | -41.45% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 11.61 |
| YTD Return | 5.16% |
| 1-Year Return | 10.52% |
| 5-Year Return | 18.87% |
| 52-Week Low | 11.04 |
| 52-Week High | 11.83 |
| Beta (5Y) | 0.28 |
| Holdings | 5457 |
| Inception Date | Nov 11, 2013 |
About FAAAX
K2 Alternative Strategies Fund Class A is a U.S. mutual fund pursuing capital appreciation with lower volatility than broad equity markets through a diversified, multi‑strategy alternatives approach. It allocates across non‑traditional strategies such as long/short equity, relative value, event driven, and global macro, blending underlying managers and instruments to target differentiated return drivers and modest correlation to traditional stock and bond benchmarks. The fund sits in the multistrategy alternatives category and is structured as a front‑load share class with an expense ratio in the mid‑2% range and a typical minimum initial investment of $1,000. Portfolio exposures are dynamically managed and may include cash equivalents, derivatives, and opportunistic credit and equity‑linked positions, reflecting its role as a diversifier within a broader asset allocation. By design, it seeks to provide a smoother return profile than global equities and a complementary source of potential returns across market cycles, aiming to help investors manage downside risk while maintaining participation in varied alternative risk premia.
Performance
FAAAX had a total return of 10.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.85%.
Top 10 Holdings
37.49% of assets| Name | Symbol | Weight |
|---|---|---|
| DREYFUS QII GOV CASH 289 | n/a | 9.00% |
| Fidelity Government Portfolio | FIGXX | 7.90% |
| Dreyfus Government Cash Management Fund | DGCXX | 7.48% |
| United States Treasury Bills - B 0 03/12/26 | n/a | 2.86% |
| United States Treasury Bills - B 0 04/09/26 | B.0 04.09.26 | 2.66% |
| United States Treasury Bills - B 0 03/26/26 | B.0 03.26.26 | 2.28% |
| Western Digital Corp. - WDC 3 11/15/28 | WDC.3 11.15.28 | 1.70% |
| United States Treasury Bills - B 0 05/05/26 | B.0 05.05.26 | 1.42% |
| United States Treasury Bonds - T 4.75 08/15/55 | T.4.75 08.15.55 | 1.15% |
| Lumentum Holdings Inc. - LITE 0.5 12/15/26 | LITE.0.5 12.15.26 | 1.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.7399 | Dec 30, 2025 |
| Dec 30, 2024 | $1.2638 | Dec 30, 2024 |
| Dec 28, 2023 | $0.0495 | Dec 28, 2023 |
| Dec 29, 2022 | $0.3044 | Dec 29, 2022 |
| Dec 30, 2021 | $0.560 | Dec 30, 2021 |
| Dec 30, 2019 | $0.075 | Dec 31, 2019 |