# Franklin Alternative Strategies Fund

Franklin Alternative Strategies Fund is a registered fund series of Franklin Alternative Strategies Funds (series S000042023). Net assets $589.4M as of 2026-05-29.

## Profile

- Series ID: S000042023
- Registrant: Franklin Alternative Strategies Funds
- LEI: 5493004OBMCV3UPCSG65
- Net assets: $589.4M
- Total assets: $866.1M
- As of: 2026-05-29

## Advisers

- [Franklin Advisers, Inc. (Subadvisor)](https://search.stillhousedata.com/firm/104517)
- [RBC Global Asset Management (U.S.) Inc. (Subadvisor)](https://search.stillhousedata.com/firm/107173)
- [Jennison Associates LLC (Subadvisor)](https://search.stillhousedata.com/firm/107959)
- [Lazard Asset Management LLC (Subadvisor)](https://search.stillhousedata.com/firm/122836)
- [K2/D&S Management Co., L.L.C (Advisor)](https://search.stillhousedata.com/firm/123826)
- [CAPITAL FUND MANAGEMENT S.A. (Subadvisor)](https://search.stillhousedata.com/firm/125780)
- [Apollo Credit Management LLC (Subadvisor)](https://search.stillhousedata.com/firm/156115)
- [Graham Capital Management, L.P. (Subadvisor)](https://search.stillhousedata.com/firm/160925)
- [RBC Global Asset Management (UK) Ltd (Subadvisor)](https://search.stillhousedata.com/firm/168551)
- [Bardin Hill Arbitrage IC Management LP (Subadvisor)](https://search.stillhousedata.com/firm/169933)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| DREYFUS QII GOV CASH 289 | — | $54.0M | 916.73% |
| Fidelity Government Portfolio | FIGXX | $28.3M | 480.08% |
| [DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS](https://search.stillhousedata.com/security/262006208) | MISXX | $21.6M | 365.93% |
| [WESTERN DIGITAL CORP](https://search.stillhousedata.com/security/958102AT2) | — | $16.8M | 284.54% |
| [ISHARES TRUST](https://search.stillhousedata.com/security/464288257) | ACWI | $15.3M | 258.97% |
| [UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT](https://search.stillhousedata.com/security/912797TU1) | — | $15.0M | 254.47% |
| [UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT](https://search.stillhousedata.com/security/912797TX5) | — | $14.9M | 252.47% |
| [UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT](https://search.stillhousedata.com/security/912797TE7) | — | $14.0M | 236.95% |
| [UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT](https://search.stillhousedata.com/security/912797TP2) | — | $12.4M | 210.97% |
| [UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT](https://search.stillhousedata.com/security/912797QX8) | — | $12.0M | 203.39% |
| [BLOOM ENERGY CORP](https://search.stillhousedata.com/security/093712AM9) | — | $6.9M | 117.69% |
| [BLOOM ENERGY CORP](https://search.stillhousedata.com/security/093712AK3) | — | $6.1M | 103.04% |
| [KENVUE INC](https://search.stillhousedata.com/security/49177J102) | KVUE | $5.7M | 96.70% |
| [PENUMBRA INC](https://search.stillhousedata.com/security/70975L107) | PEN | $5.7M | 96.49% |
| [WARNER BROS. DISCOVERY INC](https://search.stillhousedata.com/security/934423104) | WBD | $5.1M | 87.18% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-05-29 | $589.4M |
| 2026-02-27 | $524.2M |
| 2025-11-28 | $534.5M |
| 2025-08-29 | $523.3M |
| 2025-05-30 | $521.3M |
| 2025-02-28 | $553.4M |
| 2024-11-29 | $570.8M |
| 2024-08-30 | $597.1M |

## More

- [Registrant: Franklin Alternative Strategies Funds](https://search.stillhousedata.com/registrant/1535538)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000042023.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.