FAAAX Performance — Franklin Alternative Strategies Fund, Class A
Data updated: 2026-09-25
FAAAX returned +5.07% year to date and +12.02% over one year to May 2026. Annualised returns are +9.12% over 3 years and +3.71% over 5 years. The fund trailed its Aggressive Allocation category average: $100 invested three years ago grew to $130, against $153 for the category, and to $112 over one year, against $123. Volatility over the past three years was 3.01% a year. In the 12 months to May 2026 the fund took in a net $41.6M, and assets reached $589.40M.
FAAAX Growth of $100
What $100 invested in Franklin Alternative Strategies Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Aggressive Allocation category average over the same months.
| Period | FAAAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $112 | $123 |
| 3 years (Jun 2023 – May 2026) | $130 | $153 |
| 5 years (Jun 2021 – May 2026) | $120 | $137 |
| Since data start (Sep 2019 – May 2026) | $132 | $173 |
FAAAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.07% |
| 1 year | +12.02% |
| 3 years (annualised) | +9.12% |
| 5 years (annualised) | +3.71% |
FAAAX Annual Returns
Calendar-year total returns of Franklin Alternative Strategies Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.07% |
| 2025 | +8.17% |
| 2024 | +11.40% |
| 2023 | +2.61% |
| 2022 | −8.15% |
| 2021 | +2.62% |
| 2020 | +7.03% |
| 2019 (Sep–Dec) | +0.48% |
FAAAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.4% | +1.3% | −0.6% | +1.6% | +1.4% | — | — | — | — | — | — | — |
| 2025 | +1.2% | +0.3% | −1.1% | −0.2% | +1.3% | +1.3% | +1.2% | +0.4% | +1.9% | +1.4% | +0.1% | +0.1% |
| 2024 | +0.8% | +2.3% | +2.0% | 0.0% | +1.5% | −0.5% | +1.0% | 0.0% | +1.5% | +0.1% | +1.3% | +0.8% |
| 2023 | +1.1% | −0.4% | −0.6% | +0.3% | −0.5% | +1.6% | +0.3% | −0.2% | −0.3% | −0.9% | +0.9% | +1.2% |
| 2022 | −2.2% | −1.6% | +0.3% | −2.2% | −1.3% | −2.4% | +1.5% | +0.5% | −2.3% | +0.3% | +1.0% | −0.1% |
| 2021 | −0.2% | +0.7% | −0.2% | +2.0% | −0.2% | +1.0% | −0.3% | +0.8% | −1.6% | +1.1% | −0.7% | +0.2% |
| 2020 | 0.0% | −1.2% | −5.8% | +2.4% | +2.1% | +0.7% | +1.8% | +1.4% | +0.3% | −0.3% | +3.7% | +2.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.5% | −0.2% | +0.6% | +0.6% |
FAAAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.01%
- 3-year Sharpe ratio: 1.53 (vs 4.5% risk-free rate)
- Best month: +2.27% (Feb 2024)
- Worst month: −1.09% (Mar 2025)
FAAAX Fund Flows
Monthly money in and out of Franklin Alternative Strategies Fund, from SEC Form N-PORT.
- 12-month net flow: $41.6M
- 12-month gross sales (incl. reinvestments): $163.1M
- Sales ÷ redemptions: 1.34×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $49.2M | $8.8M | $40.4M |
| Apr 2026 | $19.6M | $8.1M | $11.5M |
| Mar 2026 | $11.5M | $11.2M | $307K |
| Feb 2026 | $7.5M | $10.5M | −$3.1M |
| Jan 2026 | $8.2M | $16.8M | −$8.6M |
| Dec 2025 | $37.3M | $15.6M | $21.7M |
| Nov 2025 | $4.0M | $6.9M | −$2.9M |
| Oct 2025 | $5.4M | $7.4M | −$2.1M |
| Sep 2025 | $5.7M | $7.6M | −$1.8M |
| Aug 2025 | $3.7M | $9.6M | −$5.9M |
| Jul 2025 | $5.6M | $9.9M | −$4.3M |
| Jun 2025 | $5.5M | $9.2M | −$3.7M |
FAAAX Assets Under Management
Net assets of Franklin Alternative Strategies Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $589.40M |
| 2026-02-27 | $524.24M |
| 2025-11-28 | $534.52M |
| 2025-08-29 | $523.35M |
| 2025-05-30 | $521.30M |
| 2025-02-28 | $553.40M |
| 2024-11-29 | $570.77M |
| 2024-08-30 | $597.07M |
| 2024-05-31 | $633.60M |
| 2024-02-29 | $663.16M |
| 2023-11-30 | $689.29M |
| 2023-08-31 | $795.02M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.