About FASCX
K2 Alternative Strategies Fund - Class C is a multi-strategy mutual fund designed to provide investors with broad exposure to alternative investment strategies. The fund primarily allocates its assets among approaches such as long/short equity, relative value, global macro, and event-driven investing, each managed by specialized external managers. Its purpose is to seek diversified returns that are less correlated with traditional equity and bond markets by blending various hedge fund-like strategies within a liquid mutual fund structure. Notably, the fund benchmarks its performance against the HFRX Global Hedge Fund Index and the ICE BofA US 3-Month Treasury Bill Index, reflecting its alignment with both alternative and low-volatility market standards. With total net assets in the hundreds of millions of dollars, the fund’s notable features include significant gross and net exposure, frequent portfolio turnover, and a moderate risk profile as evidenced by relatively low beta and standard deviation figures. Its extensive allocation to cash, short-term investments, and U.S. Treasury bills underscores an emphasis on liquidity and risk management. The fund’s diversified strategy and institutional partnerships position it as a notable vehicle for investors seeking alternative solutions beyond conventional asset classes.
Fund Family Franklin Templeton, Inc
Category Multistrategy
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol FASCX
Share Class Class C
Index Index is not available on Lipper Database
FASCX had a total return of 5.71% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.99%.
