FKLZX Performance — Franklin K2 Long Short Credit Fund, Advisor Class
Data updated: 2023-04-25
FKLZX returned −7.22% over one year to Feb 2023. The annualised 3-year return is −0.73%. Against its Emerging Markets Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $98, against $92 for the category, and to $93 over one year, against $93. Volatility over the past three years was 7.69% a year. In the 12 months to Feb 2023 the fund took in a net $101.9M, and assets reached $50.45M.
FKLZX Growth of $100
What $100 invested in Franklin K2 Long Short Credit Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Bond category average over the same months.
| Period | FKLZX | Category average |
|---|---|---|
| 1 year (Mar 2022 – Feb 2023) | $93 | $93 |
| 3 years (Mar 2020 – Feb 2023) | $98 | $92 |
| Since data start (Sep 2019 – Feb 2023) | $101 | $93 |
FKLZX Trailing Returns
Total returns to Feb 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −7.22% |
| 3 years (annualised) | −0.73% |
FKLZX Annual Returns
Calendar-year total returns of Franklin K2 Long Short Credit Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Feb) | +1.31% |
| 2022 | −9.98% |
| 2021 | +3.42% |
| 2020 | +5.21% |
| 2019 (Sep–Dec) | +1.64% |
FKLZX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +1.4% | −0.1% | — | — | — | — | — | — | — | — | — | — |
| 2022 | −0.6% | −1.1% | −0.9% | −1.6% | −0.7% | −3.1% | +0.9% | −0.4% | −2.5% | −0.5% | +0.5% | −0.4% |
| 2021 | +0.9% | +0.4% | +0.1% | +0.8% | +0.3% | +0.4% | +0.1% | +0.2% | +0.3% | −0.2% | −0.5% | +0.7% |
| 2020 | +1.1% | +0.4% | −10.3% | +1.6% | +2.9% | +4.3% | +0.8% | +0.6% | +0.7% | +0.4% | +1.9% | +1.7% |
| 2019 | — | — | — | — | — | — | — | — | +0.6% | +0.1% | 0.0% | +1.0% |
FKLZX Risk
Risk measures from monthly returns over Mar 2020 – Feb 2023.
- 3-year volatility (annualised): 7.69%
- 3-year Sharpe ratio: -0.68 (vs 4.5% risk-free rate)
- Best month: +4.25% (Jun 2020)
- Worst month: −10.34% (Mar 2020)
FKLZX Fund Flows
Monthly money in and out of Franklin K2 Long Short Credit Fund, from SEC Form N-PORT.
- 12-month net flow: $101.9M
- 12-month gross sales (incl. reinvestments): $32.1M
- Sales ÷ redemptions: -0.46×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Feb 2023 | $707K | −$1.2M | $1.9M |
| Jan 2023 | $2.8M | −$4.7M | $7.4M |
| Dec 2022 | $3.0M | −$17.5M | $20.5M |
| Nov 2022 | $1.1M | −$3.1M | $4.2M |
| Oct 2022 | $1.0M | −$4.4M | $5.4M |
| Sep 2022 | $3.4M | −$5.1M | $8.4M |
| Aug 2022 | $2.4M | −$8.1M | $10.5M |
| Jul 2022 | $2.7M | −$2.8M | $5.5M |
| Jun 2022 | $2.7M | −$3.0M | $5.8M |
| May 2022 | $1.5M | −$5.9M | $7.4M |
| Apr 2022 | $4.2M | −$4.4M | $8.6M |
| Mar 2022 | $6.7M | −$9.6M | $16.3M |
FKLZX Assets Under Management
Net assets of Franklin K2 Long Short Credit Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-02-28 | $50.45M |
| 2022-11-30 | $67.86M |
| 2022-08-31 | $77.64M |
| 2022-05-31 | $87.06M |
| 2022-02-28 | $97.62M |
| 2021-11-30 | $106.17M |
| 2021-08-31 | $109.47M |
| 2021-05-28 | $106.24M |
| 2021-02-26 | $102.53M |
| 2020-11-30 | $94.96M |
| 2020-08-31 | $92.64M |
| 2020-05-29 | $96.27M |
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.