Franklin K2 Alternative Strategies Fund (FABZX)
The investment seeks capital appreciation with lower volatility relative to the broad equity markets. The fund seeks to achieve its investment goal by allocating its assets across multiple non-traditional or "alternative" strategies, including, but not limited to, some or all of the following strategies: Long Short Equity, Relative Value, Event Driven and Global Macro. It may invest in a wide range of securities and other investments including, but not limited to: equity securities (which may include common stocks, preferred stocks and convertible securities) and debt securities.
Fund Info
ISIN | US35241W5004 |
---|---|
Issuer | Franklin Templeton |
Inception Date | Oct 10, 2013 |
Category | Multistrategy |
Min. Investment | $100,000 |
Asset Class | Alternatives |
Expense Ratio
FABZX has a high expense ratio of 1.95%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin K2 Alternative Strategies Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin K2 Alternative Strategies Fund had a return of 5.73% year-to-date (YTD) and 8.44% in the last 12 months. Over the past 10 years, Franklin K2 Alternative Strategies Fund had an annualized return of 2.82%, while the S&P 500 had an annualized return of 10.71%, indicating that Franklin K2 Alternative Strategies Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 5.73% | 8.76% |
1 month | 0.26% | -0.28% |
6 months | 8.04% | 18.36% |
1 year | 8.44% | 25.94% |
5 years (annualized) | 2.52% | 12.51% |
10 years (annualized) | 2.82% | 10.71% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.73% | 2.35% | 2.03% | -0.00% | ||||||||
2023 | -0.91% | 1.02% | 1.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FABZX is 88, placing it in the top 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FABZX (Franklin K2 Alternative Strategies Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin K2 Alternative Strategies Fund (FABZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin K2 Alternative Strategies Fund granted a 0.66% dividend yield in the last twelve months. The annual payout for that period amounted to $0.08 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.08 | $0.08 | $0.33 | $0.59 | $0.10 | $0.10 | $0.25 | $0.18 | $0.08 | $0.20 | $0.09 | $0.04 |
Dividend yield | 0.66% | 0.70% | 3.10% | 4.90% | 0.80% | 0.90% | 2.33% | 1.56% | 0.77% | 1.89% | 0.86% | 0.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin K2 Alternative Strategies Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
2013 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin K2 Alternative Strategies Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin K2 Alternative Strategies Fund was 11.03%, occurring on Jul 14, 2022. The portfolio has not yet recovered.
The current Franklin K2 Alternative Strategies Fund drawdown is 1.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-11.03% | Nov 17, 2021 | 164 | Jul 14, 2022 | — | — | — |
-10.62% | Feb 21, 2020 | 22 | Mar 23, 2020 | 111 | Aug 28, 2020 | 133 |
-7.93% | Jun 24, 2015 | 158 | Feb 8, 2016 | 243 | Jan 25, 2017 | 401 |
-6.02% | Sep 28, 2018 | 60 | Dec 24, 2018 | 68 | Apr 3, 2019 | 128 |
-4.61% | Jul 7, 2014 | 72 | Oct 15, 2014 | 28 | Nov 24, 2014 | 100 |
Volatility
Volatility Chart
The current Franklin K2 Alternative Strategies Fund volatility is 0.95%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.