K2 Alternative Strategies Fund Advisor Class 

The Franklin K2 Alternative Strategies Fund endeavors to achieve its investment objectives by distributing capital across a variety of non-traditional, or "alternative," strategies. These approaches may encompass, but are not restricted to, methods such as Long Short Equity, Relative Value, Event Driven, and Global Macro. The fund possesses broad flexibility in its investment choices, allowing it to hold a diverse array of securities and other financial instruments. This can include, for example, equity holdings (like common, preferred, and convertible stocks) as well as various debt securities.