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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.
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Returns By Period
Franklin K2 Alternative Strategies Fund (FABZX) has returned 1.44% so far this year and 9.54% over the past 12 months. Over the last ten years, FABZX has returned 4.11% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Franklin K2 Alternative Strategies Fund
- 1D
- -0.18%
- 1M
- -1.23%
- YTD
- 1.44%
- 6M
- 3.09%
- 1Y
- 9.54%
- 3Y*
- 8.03%
- 5Y*
- 3.61%
- 10Y*
- 4.11%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 20, 2013, FABZX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, your investment would double in approximately 17.5 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +3.8%, while the worst month was Mar 2020 at -5.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FABZX closed higher 47% of trading days. The best single day was Mar 24, 2020 with a return of +1.6%, while the worst single day was Mar 16, 2020 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.44% | 1.24% | -1.23% | 1.44% | |||||||||
| 2025 | 1.19% | 0.36% | -1.08% | -0.18% | 1.27% | 1.35% | 1.24% | 0.52% | 1.91% | 1.37% | 0.08% | 0.17% | 8.48% |
| 2024 | 0.82% | 2.35% | 2.03% | -0.00% | 1.56% | -0.60% | 1.11% | 0.00% | 1.61% | 0.08% | 1.33% | 0.77% | 11.60% |
| 2023 | 1.12% | -0.37% | -0.55% | 0.28% | -0.37% | 1.58% | 0.37% | -0.18% | -0.27% | -0.91% | 1.02% | 1.16% | 2.86% |
| 2022 | -2.08% | -1.61% | 0.34% | -2.15% | -1.32% | -2.40% | 1.55% | 0.54% | -2.23% | 0.27% | 1.00% | 0.04% | -7.86% |
| 2021 | -0.24% | 0.73% | -0.24% | 2.11% | -0.16% | 1.04% | -0.32% | 0.79% | -1.57% | 1.20% | -0.71% | 0.24% | 2.85% |
Benchmark Metrics
Franklin K2 Alternative Strategies Fund has an annualized alpha of 1.74%, beta of 0.19, and R² of 0.59 versus S&P 500 Index. Calculated based on daily prices since November 21, 2013.
- This fund participated in 24.78% of S&P 500 Index downside but only 23.98% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.19 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.74%
- Beta
- 0.19
- R²
- 0.59
- Upside Capture
- 23.98%
- Downside Capture
- 24.78%
Expense Ratio
FABZX has a high expense ratio of 1.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FABZX ranks 95 for risk / return — in the top 95% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin K2 Alternative Strategies Fund (FABZX) and compare them to a chosen benchmark (S&P 500 Index).
| FABZX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | 0.90 | +1.52 |
Sortino ratioReturn per unit of downside risk | 3.42 | 1.39 | +2.03 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.21 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.40 | +1.93 |
Martin ratioReturn relative to average drawdown | 14.75 | 6.61 | +8.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FABZX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Franklin K2 Alternative Strategies Fund provided a 6.92% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.78 | $1.29 | $0.08 | $0.33 | $0.59 | $0.10 | $0.10 | $0.25 | $0.18 | $0.08 | $0.20 |
Dividend yield | 6.92% | 7.02% | 11.80% | 0.70% | 3.10% | 4.90% | 0.80% | 0.90% | 2.33% | 1.56% | 0.77% | 1.89% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $1.29 |
| 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 | $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 | $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 | $0.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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. Recovery took 499 trading sessions.
The current Franklin K2 Alternative Strategies Fund drawdown is 1.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.03% | Nov 17, 2021 | 164 | Jul 14, 2022 | 499 | Jul 10, 2024 | 663 |
| -10.62% | Feb 21, 2020 | 22 | Mar 23, 2020 | 111 | Aug 28, 2020 | 133 |
| -7.93% | Apr 16, 2015 | 206 | Feb 8, 2016 | 243 | Jan 25, 2017 | 449 |
| -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 chart below shows the rolling one-month volatility.
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