FASCX — K2 Alternative Strategies Fund
Data updated: 2026-08-13
FASCX — K2 Alternative Strategies Fund. Capital Appreciation / Growth Allocation · $589.40M AUM. Holdings, fees, performance and SEC filings.
FASCX Fund Overview
FASCX — K2 Alternative Strategies Fund is a US mutual fund managed by Franklin Alternative Strategies Funds, categorised as Capital Appreciation / Growth Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Alternative Strategies Funds
- Category: Capital Appreciation / Growth Allocation
- Assets under management: $589.40M
- 1-year return: 11.2%
- Ticker: FASCX
- SEC CIK: 0001535538
- SEC series ID: S000042023
- Share class ID: C000130562
FASCX Holdings
Top 10 holdings of K2 Alternative Strategies Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Qii Gov Cash 289 | 9.17% |
| Fidelity Government Portfolio | 4.80% |
| Dreyfus Government Cash Management Funds | 3.66% |
| Western Digital Corp. | 2.85% |
| Ishares Trust | 2.59% |
| United States Of America - Bureau Of The Public Debt | 2.54% |
| United States Of America - Bureau Of The Public Debt | 2.52% |
| United States Of America - Bureau Of The Public Debt | 2.37% |
| United States Of America - Bureau Of The Public Debt | 2.11% |
| United States Of America - Bureau Of The Public Debt | 2.03% |
FASCX Portfolio Allocation
Asset-class allocation of K2 Alternative Strategies Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 46.9% |
| Equity | 27.7% |
| Cash & Equivalents | 17.6% |
| Derivatives | 1.8% |
| Loans | 1.2% |
| Real Estate | 0.1% |
FASCX Performance
Total returns for FASCX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.7% |
| 1 year | 11.2% |
| 3 years (annualised) | 8.3% |
| 5 years (annualised) | 2.9% |
FASCX Risk Information
Risk metrics for FASCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.7%
FASCX Costs and Fees
FASCX costs about $318 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.18%
- Gross expense ratio: 3.47%
- Portfolio turnover: 267%
- Brokerage commissions: 6.18 bps of average net assets (SEC N-CEN)
FASCX Cashflows
Over the 12 months to 2026-05, K2 Alternative Strategies Fund had net inflows of $41.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $40.44M |
| 2026-04 | $11.53M |
| 2026-03 | $307.40K |
| 2026-02 | −$3.08M |
| 2026-01 | −$8.61M |
| 2025-12 | $21.71M |
FASCX Debt Constituents
Largest debt holdings of K2 Alternative Strategies Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Western Digital Corp. | 2.85% |
| United States Of America - Bureau Of The Public Debt | 2.54% |
| United States Of America - Bureau Of The Public Debt | 2.52% |
| United States Of America - Bureau Of The Public Debt | 2.37% |
| United States Of America - Bureau Of The Public Debt | 2.11% |
| United States Of America - Bureau Of The Public Debt | 2.03% |
| Bloom Energy Corp. | 1.18% |
| Bloom Energy Corp. | 1.03% |
| United States Of America - Bureau Of The Public Debt | 0.85% |
| United States Of America - Bureau Of The Public Debt | 0.85% |
FASCX Prospectus and SEC Filings
Official K2 Alternative Strategies Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-09-26
- Prospectus (485BPOS) — filed 2024-09-26
- Prospectus supplement (497) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-07-30
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2026-08-13
- Annual census (N-CEN) — filed 2025-08-12
Related Funds
Other Capital Appreciation / Growth Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.