Investing across hedged strategies, a flexible and diversified approach
K2 Alternative Strategies Fund seeks capital appreciation with lower volatility relative to the broad equity markets by allocating across multiple alternative strategies.
Serving a diverse client base
Long Standing Experience in Partnering With Clients
Data as of 06/30/2025.
Percentages are based on assets under management as well as advisory and non-discretionary relationships.
1. Excludes customized portfolios of Registered Funds.
2. Some of the assets in the registered funds managed by the FTIS Absolute Return team may belong to institutional investors.
Source: FTIS Absolute Return Portfolio Management Team. Allocations shown are as of the date indicated above and are subject to change at the investment manager's sole discretion. Please see Important Disclosures and Disclaimers at the end of this presentation, which provide detailed information regarding information presented herein and form an integral part hereof.
Hedge fund strategy allocation
Size, institutional client base and stability of allocations enhance our ability to create deep relationships with many talented managers.
| Strategy | Weighting (%) | Manager Count 2 |
|---|---|---|
| Volatility | 31 | 7 |
| Global Macro | 21.01 | 12 |
| Credit | 15.29 | 8 |
| Long Short Equity | 13.51 | 18 |
| Relative Value | 5.16 | 4 |
| Commodities | 4.38 | 5 |
| Insurance-Linked Securities | 3.35 | 4 |
| Risk Premia | 3.34 | 1 |
| Event Driven | 2.74 | 7 |
| Hedge Overlay | 0.21 | 1 |
| Equity Hedge | 0 | 1 |
| Other | 0 | 1 |
| Total | 100% | 64 |
1. As of 12/31/2024.
2. In certain cases, multiple underlying funds that are managed by the same firm may be counted as a single underlying manager, including in instances where such funds (i) are managed by the same team of personnel; (ii) employ similar or related strategies; and/or (iii) constitute a family of funds comprised of one or more multi-strategy funds and one or more strategy carve-out funds.
Source: FTIS Absolute Return Portfolio Management Team. Allocations shown are as of the date indicated above and are subject to change at the investment manager’s sole discretion. Percentages based on AUM invested in each strategy by funds and accounts managed or advised by FTIS Absolute Return Portfolio Management Team, exclusive of cash and replication strategies.
Knowledge hub
Insight
Hedge Fund Strategy Outlook: Fourth quarter 2025
In this quarter's Hedge Fund Strategy Outlook, the team explores hedge fund styles and strategies—and which look more or less favorable given the current market environment.
Insight
An Alternative Toolbox for Today’s Market
Through a combination of product innovation and access to institutional-quality managers, alternative investments are available to a broader group of investors, at lower minimums, and more flexibility.
*As of October 1, 2024, K2 Advisors is now known as Absolute Return Portfolio Management Team which joined Franklin Templeton Investment Solutions (FTIS) in early 2024.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
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Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
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Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliates companies. Prior to July 7, 2021, Franklin Templeton Distributors, Inc., and Legg Mason Investor Services, LLC served as mutual fund distributors for Franklin Templeton. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE. Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at https://www.sec.gov/