FKLQX: Franklin K2 Long Short Credit R6

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

FKLQX Franklin K2 Long Short Credit R6

  • Fund
  • FKLQX
  • Price as of: Oct 15, 2019
  • $10.59 + $0.01 + 0.10%

FKLQX - Profile

Vitals

  • YTD Return 4.4%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $124 M
  • Holdings in Top 10 14.2%

52 WEEK LOW AND HIGH

$10.59
$10.12
$10.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.10%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 158.66%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Credit

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.63%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Franklin K2 Long Short Credit Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Sep 28, 2015
  • Shares Outstanding 41390
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Robert Christian

Fund Description

The fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in credit-related investments. "Credit-related investments" include, but are not limited to: U.S. or foreign debt obligations of any credit quality, maturity or duration; all varieties of fixed income, variable rate and floating rate debt securities and investments; and derivatives, such as swap agreements, futures contracts and options, and other transactions and instruments that provide exposure to credit-related investments.

FKLQX - Fund Company Quick Screens

FKLQX - Performance

Return Ranking - Trailing

Period FKLQX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -5.1% 30.0% 55.43%
1 Yr -0.5% -14.1% 19.6% 37.78%
3 Yr 0.2%* -33.5% 12.4% 61.04%
5 Yr N/A* -5.6% 10.7% N/A
10 Yr N/A* -2.7% 6.8% N/A

* Annualized


Return Ranking - Calendar

Period FKLQX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.7% -23.0% 3.4% 20.45%
2017 1.3% -67.1% 21.4% 75.32%
2016 4.0% -17.3% 22.5% 20.00%
2015 N/A -10.4% 11.6% N/A
2014 N/A -13.7% 11.3% N/A

Total Return Ranking - Trailing

Period FKLQX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -5.1% 30.0% 55.43%
1 Yr -0.5% -14.1% 19.6% 44.44%
3 Yr 2.7%* -5.6% 12.4% 51.95%
5 Yr N/A* -3.2% 10.7% N/A
10 Yr N/A* -1.4% 6.8% N/A

* Annualized


Total Return Ranking - Calendar

Period FKLQX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.7% -23.0% 5.2% 28.41%
2017 5.0% -1.5% 25.0% 67.53%
2016 8.3% -14.8% 22.5% 8.57%
2015 N/A -6.0% 11.6% N/A
2014 N/A -5.6% 12.1% N/A

NAV & Total Return History

FKLQX - Holdings

Concentration Analysis

FKLQX Category Low Category High FKLQX % Rank
Net Assets 124 M 200 3.24 B 30.53%
Number of Holdings 496 2 2106 8.60%
Net Assets in Top 10 16.5 M -7.32 M 1.69 B 34.41%
Weighting of Top 10 14.22% 0.0% 162.3% 93.55%

Top 10 Holdings

  1. Carlyle Global Market Strategies Clo 2016-1 Ltd/Llc 5.03% 2.12%

  2. Harland Clarke Holdings Corp. 9.25% 1.90%

  3. Russian Federation 7.25% 1.78%

  4. Freddie Mac Seasoned Credit Risk Transfer Trust 4% 1.74%

  5. Bx Trust 2017-Appl 5.35% 1.32%

  6. MOHEGAN TRIBAL GAMING AUTH CONN 7.88% 1.19%

  7. Ashford Hospitality Trust Inc 5.3% 1.09%

  8. Intelsat Jackson Holdings, Ltd. 9.5% 1.05%

  9. Home Partners Of America Trust 4.03% 1.04%

  10. The McClatchy Company 9% 0.99%


Asset Allocation

Weighting Return Low Return High FKLQX % Rank
Bonds
64.65% 0.00% 76.33% 23.66%
Cash
31.77% -45.95% 166.99% 45.16%
Stocks
1.91% -4.09% 70.82% 66.67%
Convertible Bonds
1.36% 0.00% 13.92% 17.20%
Preferred Stocks
0.28% 0.00% 6.50% 16.13%
Other
0.01% -66.99% 49.28% 34.41%

Stock Sector Breakdown

Weighting Return Low Return High FKLQX % Rank
Utilities
0.69% -1.15% 5.01% 33.71%
Real Estate
0.44% -8.74% 5.29% 47.19%
Communication Services
0.13% -2.40% 6.14% 57.30%
Consumer Cyclical
0.05% -1.38% 16.66% 69.66%
Industrials
0.03% -2.54% 31.44% 75.28%
Basic Materials
0.02% -2.99% 16.80% 58.43%
Energy
0.01% -3.33% 10.84% 60.67%
Technology
0.00% -1.17% 35.70% 86.52%
Healthcare
0.00% -2.67% 20.07% 85.39%
Financial Services
0.00% -6.05% 17.16% 83.15%
Consumer Defense
0.00% -2.47% 11.32% 65.17%

Stock Geographic Breakdown

Weighting Return Low Return High FKLQX % Rank
US
1.58% -2.49% 67.20% 64.52%
Non US
0.33% -39.87% 61.37% 49.46%

Bond Sector Breakdown

Weighting Return Low Return High FKLQX % Rank
Securitized
39.41% 0.00% 43.00% 4.30%
Cash & Equivalents
31.77% -46.23% 166.99% 45.16%
Corporate
18.44% 0.00% 80.39% 32.26%
Government
7.81% -2.24% 64.67% 12.90%
Municipal
0.78% 0.00% 0.78% 1.08%
Derivative
-0.14% -6.26% 7.89% 81.72%

Bond Geographic Breakdown

Weighting Return Low Return High FKLQX % Rank
US
54.49% 0.00% 71.38% 13.98%
Non US
10.16% 0.00% 31.36% 20.43%

FKLQX - Expenses

Operational Fees

FKLQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.10% 0.93% 12.57% 30.00%
Management Fee 1.90% 0.35% 2.25% 89.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.04% 0.45% 63.41%

Sales Fees

FKLQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FKLQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FKLQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 158.66% 0.00% 1020.14% 46.67%

FKLQX - Distributions

Dividend Yield Analysis

FKLQX Category Low Category High FKLQX % Rank
Dividend Yield 3.14% 0.00% 4.86% 8.33%

Dividend Distribution Analysis

FKLQX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FKLQX Category Low Category High FKLQX % Rank
Net Income Ratio 3.63% -2.56% 4.74% 15.56%

Capital Gain Distribution Analysis

FKLQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

FKLQX - Managers

Robert Christian

Manager

Start Date

Tenure

Tenure Rank

Sep 28, 2015

4.01

4.0%

Robert Christian is a senior managing director and Head of Investment Research. He joined K2 Advisors in May 2010.From 1990 to 1995 Mr. Christian worked as a global strategist and proprietary trader at Chase Manhattan Futures Corporation. In 1995, he founded Modoc Capital focusing on short-term futures trading. In 1997 Modoc entered into a joint venture with Stonebrook Capital Management LLC as a portfolio manager and researcher. From 1998 to 2003 Mr. Christian worked at Graham Capital Management LP as a portfolio manager and researcher of quantitative based trading strategies.


Art Vinokur

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2019

0.0

0.0%


Brooks Ritchey

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2019

0.0

0.0%

Brooks Ritchey is a senior managing director and head of portfolio construction for K2 Advisors. In this role, he manages absolute return, multi-asset, and risk overlay portfolios. He is member of the alternatives executive committee, Japan investment committee, and K2 Advisors guideline committee. Since 1987, Mr. Ritchey has managed multi-asset mutual fund and hedge fund portfolios while located in New York and Paris, France during his employment with organizations including Steinhardt Partners, Citibank, Finch Asset Management, Paribas, AIG, and ING. Mr. Ritchey joined K2 Advisors in 2005.


Tenure Analysis

Category Low

0.0

Category High

20.88

Category Average

4.12

Category Mode

5.26