- ISIN
- US35241W5004
- Issuer
- Franklin Templeton
- Inception Date
- Oct 10, 2013
- Category
- Multistrategy
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
FABZX Performance Chart
Franklin K2 Alternative Strategies Fund (FABZX) is up 5.2% since the beginning of the year. FABZX is currently trading at $12 per share. Investors who bought $1,000 worth of FABZX shares 5 years ago would now be looking at an investment worth $1,212.
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Returns By Period
Franklin K2 Alternative Strategies Fund (FABZX) has returned 5.22% so far this year and 11.79% over the past 12 months. Over the last ten years, FABZX has returned 4.35% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Franklin K2 Alternative Strategies Fund
- 1D
- 0.26%
- 1M
- 0.26%
- YTD
- 5.22%
- 6M
- 4.95%
- 1Y
- 11.79%
- 3Y*
- 8.85%
- 5Y*
- 3.92%
- 10Y*
- 4.35%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FABZX Monthly Returns History
Based on dividend-adjusted daily data since Nov 20, 2013, FABZX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 68% of months were positive and 32% 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% | -0.61% | 1.67% | 1.30% | 0.09% | 5.22% | ||||||
| 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 1.75%, beta of 0.19, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since November 20, 2013.
- This fund participated in 24.47% of S&P 500 Index downside but only 23.59% 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
- 1.75%
- Beta
- 0.19
- R²
- 0.59
- Upside Capture
- 23.59%
- Downside Capture
- 24.47%
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 S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FABZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.37 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 7.94 | 2.78 | +5.15 |
| Martin ratioReturn relative to average drawdown | 26.80 | 12.44 | +14.36 |
Dividends
Dividend History
Franklin K2 Alternative Strategies Fund provided a 6.67% 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 | 6.67% | 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 | $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 0.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -11.03%Jul 2022 | 7mo 29d | 1y 12mo | 2y 7moNov 2021 - Jul 2024 |
COVID crash2020 | -10.62%Mar 2020 | 1mo 1d | 5mo 8d | 6mo 9dFeb 2020 - Aug 2020 |
2016 pullback2016 | -7.93%Feb 2016 | 9mo 28d | 11mo 22d | 1y 9moApr 2015 - Jan 2017 |
Rate-hike selloffLate 2018 | -6.02%Dec 2018 | 2mo 27d | 3mo 10d | 6mo 7dSep 2018 - Apr 2019 |
2014 pullback2014 | -4.61%Oct 2014 | 3mo 10d | 1mo 10d | 4mo 20dJul 2014 - Nov 2014 |
Drawdown Indicators
| FABZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -56.78% | +45.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -9.10% | +7.61% |
Max Drawdown (3Y)Largest decline over 3 years | -3.50% | -18.90% | +15.40% |
Max Drawdown (5Y)Largest decline over 5 years | -11.03% | -25.43% | +14.40% |
Max Drawdown (10Y)Largest decline over 10 years | -11.03% | -33.92% | +22.89% |
Current DrawdownCurrent decline from peak | -0.26% | -1.80% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -10.71% | +8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 2.03% | -1.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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