Franklin Alternative Strategies Fund Class A (FAAAX)

Fund Assets	563.27M
Expense Ratio	2.43%
Min. Investment	$1,000
Turnover	362.98%
Dividend (ttm)	0.27
Dividend Yield	2.35%
Dividend Growth	-60.62%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	11.62
YTD Return	5.25%
1-Year Return	8.96%
5-Year Return	18.60%
52-Week Low	11.04
52-Week High	11.83
Beta (5Y)	0.28
Holdings	2896
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.

• Fund Family: Franklin Templeton Investments
• Category: Multistrategy
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FAAAX
• Share Class: Class A
• Index: Index is not available on Lipper Database

Performance

FAAAX had a total return of 8.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.81%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FABZX	Advisor Class	2.18%
FASRX	Class R6	2.18%
FSKKX	Class R	2.68%
FASCX	Class C	3.18%

Top 10 Holdings

57.80% of assets

Name	Symbol	Weight
Mexico (United Mexican States) 8.5%	MBONO.8.5 11.18.38 M	16.67%
K2 Holdings Investment Corporation - Cfm Cc Usd Npv Tis A/C #34110	n/a	6.52%
BNY Dreyfus Govt Cash Mgmt Instl	DGCXX	6.39%
Short Term Investment Fund Fidelity Instl Mmkt Govt 57	n/a	5.27%
Mexico (United Mexican States) 8%	MBONO.8 02.21.36 M	4.85%
Petroleos Mexicanos Sa De CV 10.8%	PEMEX.10.8 08.08.34 26-2	4.11%
K2 Holdings Investment Corporation-Graham Cc Usd Npv A/C # 18452	n/a	3.81%
Comcast Holdings Corporation	CCZ	3.79%
Comcast Corp 2 % Zero Premium Option Note Exchangeable Secs 1999-15.11.29 B	CMCSA.2 11.15.29	3.73%
iShares MSCI ACWI ETF	ACWI	2.63%

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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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