Franklin K2 Alternative Strategies Fund I(acc)EUR-H1

The Fund’s investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The Fund intends to invest in a wide range of transferable securities, financial derivative instruments and other eligible securities. Such securities may include, but are not limited to, equity and equity-related securities (which may include common stocks, preferred stocks, participatory notes, equity related certificates and convertible securities) and debt securities (which may include bonds, notes, debentures, bankers' acceptances and commercial paper).