LU1093756168
Franklin Alternative Strategies Fund
NAV
$14.30
NAV Change
$-0.01
Morningstar Overall Rating™
Overall Morningstar Rating
Rating Category: Multistrategy USD
Morningstar Style Box
| Large | Size | |||
|---|---|---|---|---|
| Medium | ||||
| Small | ||||
| Value | Blend | Growth | ||
| Style | ||||
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 184 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 141 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category | 60 |
This is a marketing communication. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.
Overview
- Summary of Fund Objective
- Why Consider this Fund
- What Are The Key Risks?
- Sustainability-related Disclosures
Summary of Fund Objective
To seek investment growth, mainly through growth of capital, while maintaining a lower volatility relative to equity markets. The Fund gains exposure to various alternative strategies by investing, directly or indirectly through derivatives and other Funds, in a range of asset classes such as equities, bonds, commodities and currencies.
Why Consider this Fund
- A portfolio complement: An allocation to hedge strategies may provide an alternative source of returns while seeking to reduce risk.
- Diversified alternative solution: The Fund provides one-stop access to a diversified selection of institutional hedge fund managers and strategies in a daily liquid vehicle.
- A combination of disciplined capabilities: The investment process combines manager research with asset allocation analysis to construct a multi-manager, multi-strategy fund seeking to participate on the upside and reduce the downside.
- Risk management: K2 Advisors, the investment manager, applies extensive risk processes, systems and data so that risks can be measured, monitored and managed.
- Alternatives expertise: K2 has 20 years of hedge fund experience and a deep understanding of the hedge strategies they cover.
What Are The Key Risks?
The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.
- The Fund seeks to achieve its targeted investment objective by allocating its assets across multiple “alternative” strategies and by investing in a wide range of assets. Such assets and investment instruments have historically been subject to price movements due to such factors as general stock market volatility, sudden changes in interest rates, or fluctuations in commodity prices. The Fund will seek to limit volatility using hedged strategies. As a result, the performance of the Fund can fluctuate moderately over time.
- Other significant risks include:
Credit risk: the risk of loss arising from default that may occur if an issuer fails to make principal or interest payments when due. This risk is higher if the Fund holds low-rated, sub-investment-grade securities.
Foreign Currency risk: the risk of loss arising from exchange-rate fluctuations or due to exchange control regulations.
Derivative Instruments risk: the risk of loss in an instrument where a small change in the value of the underlying investment may have a larger impact on the value of such instrument. Derivatives may involve additional liquidity, credit and counterparty risks.
Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary. Such risk may be triggered by (but not limited to) unexpected events such as environmental disasters or pandemics. Reduced liquidity may have a negative impact on the price of the assets.
Multi-Manager risk: the risk that independent decisions of Investment Co-Managers may conflict with one another thus resulting in loss of efficiency.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.
Sustainability-related Disclosures
The Fund promotes environmental and social characteristics in accordance with Article 8 of the Sustainable Finance Disclosure Regulation (the “SFDR”).
In its implementation of the Fund’s environmental, social and governance (“ESG”) strategy, the Investment Manager performs an ESG assessment on each appointed Investment Co-Manager and, based on this assessment, rates them. By doing so, the Fund encourages at portfolio level minimum ESG standards.
The Fund’s environmental or social characteristics are assessed both quantitatively and qualitatively, by means of sustainability indicators as well as of the Investment Manager’s proprietary ESG methodology and its engagement process further described in the Website disclosure’s dedicated sections. As part of its investment decision-making process, the Fund also uses binding criteria to achieve its ESG investment strategy and applies specific ESG exclusions.
Fund Information
Sales Charges, Expenses & Fees
Identifiers
Portfolio Managers
Performance
- Discrete Annual Returns
- Cumulative Total Returns
- Average Annual Total Returns
- Calendar Year Returns
- Risk Measures
Discrete Annual Returns
Discrete Annual Returns
Past performance does not predict future returns.
Chart
Month End As of 31/05/2026 | Currency | May-25 / May-26 | May-24 / May-25 | May-23 / May-24 | May-22 / May-23 | May-21 / May-22 | May-20 / May-21 | May-19 / May-20 | May-18 / May-19 | May-17 / May-18 | May-16 / May-17 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) USD - Without Sales Charge (NAV) (%) | USD | 10.89 | 4.27 | 8.85 | -1.64 | -6.45 | 11.11 | -0.97 | 0.89 | 2.57 | 6.45 | 15/09/2014 | ||
| ICE BofA US 3-Month Treasury Bill Index (%) | USD | 3.89 | 4.76 | 5.45 | 3.14 | 0.14 | 0.11 | 1.84 | 2.26 | 1.28 | 0.44 | — | ||
| HFRX Global Hedge Fund Index (%) | USD | 10.17 | 3.93 | 5.89 | -1.26 | -3.01 | 13.54 | 2.95 | -3.68 | 2.88 | 5.98 | — |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Cumulative Total Returns
Cumulative Total Returns
Past performance does not predict future returns.
2014
2026
Month End As of 31/05/2026 | Currency | YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 15/09/2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) USD - Without Sales Charge (NAV) (%) | USD | 3.61 | 1.77 | 1.56 | 3.91 | 10.89 | 25.86 | 15.82 | 40.39 | — | 43.62 | |
| ICE BofA US 3-Month Treasury Bill Index (%) | USD | 1.46 | 0.30 | 0.89 | 1.81 | 3.89 | 14.77 | 18.55 | 25.72 | 26.24 | 25.93 | |
| HFRX Global Hedge Fund Index (%) | USD | 4.14 | 1.71 | 1.65 | 4.75 | 10.17 | 21.25 | 16.11 | 42.53 | 36.79 | 32.78 |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Average Annual Total Returns
Average Annual Total Returns
Past performance does not predict future returns.
Chart
Month End As of 31/05/2026 | Currency | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 15/09/2014 | |
|---|---|---|---|---|---|---|---|---|
| A (acc) USD - Without Sales Charge (NAV) (%) | USD | 10.89 | 7.97 | 2.98 | 3.45 | — | 3.14 | |
| ICE BofA US 3-Month Treasury Bill Index (%) | USD | 3.89 | 4.70 | 3.46 | 2.32 | 1.57 | 1.99 | |
| HFRX Global Hedge Fund Index (%) | USD | 10.17 | 6.63 | 3.03 | 3.61 | 2.11 | 2.45 |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Calendar Year Returns
Calendar Year Returns
Past performance does not predict future returns.
Chart
Month End As of 31/05/2026 | Currency | YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Performance Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) USD - Without Sales Charge (NAV) (%) | USD | 3.61 | 7.86 | 10.02 | 2.28 | -8.20 | 1.97 | 6.00 | 6.28 | -2.87 | 5.49 | 3.02 | 15/09/2014 | |
| ICE BofA US 3-Month Treasury Bill Index (%) | USD | 1.46 | 4.18 | 5.25 | 5.01 | 1.46 | 0.05 | 0.67 | 2.28 | 1.87 | 0.86 | 0.33 | — | |
| HFRX Global Hedge Fund Index (%) | USD | 4.14 | 7.14 | 5.27 | 3.10 | -4.41 | 3.65 | 6.81 | 8.62 | -6.72 | 5.99 | 2.50 | — |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Risk Measures
Risk Measures
| Statistics | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Alpha | 2.29 | -0.13 | 1.35 |
| R-Squared | 0.00 | 0.14 | 0.00 |
| Correlation | 0.06 | 0.38 | 0.05 |
| Standard Deviation (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| A (acc) USD - Without Sales Charge (NAV) | 3.54 | 4.13 | 4.45 |
| ICE BofA US 3-Month Treasury Bill Index | 0.22 | 0.56 | 0.55 |
| Sharpe Ratio (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| A (acc) USD - Without Sales Charge (NAV) | 0.95 | -0.13 | 0.26 |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Portfolio
Assets
Positions
Portfolio Statistics
Portfolio Allocations
- Assets
- Geography
- Portfolio Exposure
- Security Exposure
- Top Long / Short Exposures
- Manager Allocations
Assets
Asset Exposure
Chart
| Gross Exposure % of Gross Exposure | Net Exposure % of Gross Exposure | ||
|---|---|---|---|
| Equity | 145.39% | 9.48% | |
| Fixed Income | 94.43% | 38.12% | |
| Currency | 38.47% | -6.46% | |
| Commodities | 0.34% | 0.24% |
Geography
Geographic Allocation
Chart
| Gross Exposure | Net Exposure | ||
|---|---|---|---|
| North America | 120.81% | 28.76% | |
| South America | 9.16% | 6.92% | |
| Europe | 80.28% | 5.51% | |
| Global & Emerging Markets | 11.35% | 6.13% | |
| Asia Pacific | 57.03% | -5.94% |
Portfolio Exposure
Strategy Allocation
Chart
| Target Allocation | Actual Allocation | ||
|---|---|---|---|
| Relative Value | 30 - 45% | 31.21% | |
| Long Short Equity | 25 - 40% | 36.77% | |
| Global Macro | 0 - 30% | 32.02% |
Security Exposure
Security Exposure
Chart
| Gross Exposure | Net Exposure | ||
|---|---|---|---|
| Direct Securities | 51.50% | 43.90% | |
| Single Security Derivatives | 184.53% | -23.10% | |
| Index/Multi-Security Derivatives | 42.61% | 20.59% |
Top Long / Short Exposures
Top Long Equity Issuers
Chart
| Fund | ||
|---|---|---|
| SIEMENS ENERGY AG | 0.96% | |
| MASTEC INC | 0.76% | |
| NEXTERA ENERGY INC | 0.65% | |
| XCEL ENERGY INC | 0.56% | |
| FIRSTENERGY CORP | 0.45% | |
| ENTERGY CORP | 0.45% | |
| COHERENT CORP | 0.40% | |
| ENGIE SA | 0.39% | |
| MERCK & CO INC | 0.39% | |
| THERMO FISHER SCIENTIFIC INC | 0.36% |
Top Short Equity Issuers
Chart
| Fund | ||
|---|---|---|
| BLOOM ENERGY CORP | -2.59% | |
| WESTERN DIGITAL CORP | -2.58% | |
| SEAGATE TECHNOLOGY HOLDINGS PL | -1.22% | |
| NEBIUS GROUP NV | -0.91% | |
| IREN LTD | -0.66% | |
| INTERDIGITAL INC | -0.62% | |
| APPLIED OPTOELECTRONICS INC | -0.42% | |
| TERAWULF INC | -0.37% | |
| APPLIED DIGITAL CORP | -0.35% | |
| LUMENTUM HOLDINGS INC | -0.33% |
Manager Allocations
Manager Allocations
| Long Short Equity | Allocation 36.76% |
|---|---|
| ActusRayPartners Limited | 15.99% |
| Electron Capital Partners, LLC | 12.98% |
| Jennison Associates, LLC | 7.80% |
| Global Macro | Allocation 32.02% |
|---|---|
| Capital Fund Management SA | 15.37% |
| BlueBay Asset Management, LLP | 8.73% |
| Graham Capital Management, L.P. | 7.92% |
| Relative Value | Allocation 31.21% |
|---|---|
| Apollo SA Management, LLC | 12.12% |
| Lazard Asset Management, LLC | 11.12% |
| K2/D&S Management Co., LLC | 7.97% |
Portfolio Holdings
Top Ten Holdings
These securities do not represent all of the securities purchased, sold or recommended for clients, and the reader should not assume that investment in the securities listed was or will be profitable.
Pricing
Pricing History Chart
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
Past performance does not predict future returns. The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Historical pricing details provided are in share class currency, calculated NAV, taking into account of reinvestments and capital gain or loss. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Share Prices
Highest / Lowest NAV
| Year | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Highest NAV | $14.40 As on 03/06/2026 | $13.90 As on 24/12/2025 | $12.90 As on 11/12/2024 | $11.71 As on 27/12/2023 | $12.43 As on 03/01/2022 | $12.63 As on 16/11/2021 | $12.20 As on 31/12/2020 | $11.55 As on 03/07/2019 | $11.37 As on 26/01/2018 | $11.16 As on 28/12/2017 |
| Lowest NAV | $13.80 As on 20/03/2026 | $12.47 As on 08/04/2025 | $11.61 As on 03/01/2024 | $11.37 As on 17/03/2023 | $11.25 As on 14/07/2022 | $12.11 As on 08/03/2021 | $10.35 As on 23/03/2020 | $10.75 As on 03/01/2019 | $10.69 As on 24/12/2018 | $10.59 As on 03/01/2017 |
Historical Data - Daily Fund Prices
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
Historical Pricing Results From 11/05/2026 To 09/06/2026
| Date | NAV | NAV Change | NAV Change (%) |
|---|---|---|---|
| 09/06/2026 | $14.30 | $-0.01 | -0.07% |
| 08/06/2026 | $14.31 | $0.00 | 0.00% |
| 05/06/2026 | $14.31 | $-0.08 | -0.56% |
| 04/06/2026 | $14.39 | $-0.01 | -0.07% |
| 03/06/2026 | $14.40 | $0.03 | 0.21% |
| 02/06/2026 | $14.37 | $0.01 | 0.07% |
| 01/06/2026 | $14.36 | $0.00 | 0.00% |
| 29/05/2026 | $14.36 | $0.01 | 0.07% |
| 28/05/2026 | $14.35 | $0.01 | 0.07% |
| 27/05/2026 | $14.34 | $-0.02 | -0.14% |
| 26/05/2026 | $14.36 | $0.03 | 0.21% |
| 25/05/2026 | $14.33 | $-0.01 | 0.00% |
| 22/05/2026 | $14.33 | $-0.01 | -0.07% |
| 21/05/2026 | $14.34 | $0.02 | 0.14% |
| 20/05/2026 | $14.32 | $0.05 | 0.35% |
| 19/05/2026 | $14.27 | $-0.02 | -0.14% |
| 18/05/2026 | $14.29 | $-0.01 | -0.07% |
| 15/05/2026 | $14.30 | $-0.06 | -0.42% |
| 14/05/2026 | $14.36 | $0.02 | 0.14% |
| 13/05/2026 | $14.34 | $0.05 | 0.35% |
| 12/05/2026 | $14.29 | $-0.03 | -0.21% |
| 11/05/2026 | $14.32 | $0.07 | 0.49% |
Documents
- Product Literature
- Regulatory Documents
Product Literature
Fact Sheet - Franklin Alternative Strategies Fund
Portfolio Holdings - Franklin Alternative Strategies Fund
Regulatory Documents
Key Information Document - Franklin Alternative Strategies Fund A (acc) USD
Prospectus - Franklin Templeton Investment Funds (FTIF)
투자설명서 - Franklin Templeton Investment Funds (FTIF)
Annual Report (Abridged) - Franklin Templeton Investment Funds (FTIF)
Annual Report (full) - Franklin Templeton Investment Funds (FTIF)
Semi Annual Report (full) - Franklin Templeton Investment Funds (FTIF)
Semi-Annual Report (abridged) - Franklin Templeton Investment Funds (FTIF)
Articles of Incorporation - Franklin Templeton Investment Funds (FTIF)
Important Information
This fund meets the requirements under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR); the fund has binding commitments in its investment policy to promote environmental and/or social characteristics and any companies in which it invests should follow good governance practices.
Further information in relation to the sustainability-related aspects of the Fund can be found at franklintempleton.lu/SFDR. Please review all of the fund's objectives and characteristics before investing.
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