This is the Advisor Class symbol for the Franklin K2 Alternative Strategies Fund.
What is FABZX?
100
This is the price of the A shares on Franklin Income Fund at COB Friday January 15, 2016.
$1.96
100
This is the term used for a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund.
What is an Exchange Traded Fund (ETF)?
100
This governmental body was created in 1934 and is charged with the responsibility of preventing fraud and to require companies to provide full disclosure to investors.
What is the SEC?
100
A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining.
What is a Bear Market?
200
According to Max Corvin, these are the 3 main unique attributes for the Franklin K2 Alternative Strategies Fund.
What are Experience, Manager Selection & Risk Management?
200
This is the average NAV over the life of the fund for the Franklin Income Fund as of 12/31/2015.
What is $2.22?
200
This is a measure of the sensitivity of the price of a fixed income investment to a change in interest rates.
What is Duration?
200
This fund, created in 1928, was the first mutual fund to include stocks and bonds.
What the Wellington Fund.
200
This is the distribution rate of FKINX as of 1/15/2016.
What is 6.12%?
300
These are the four main hedge fund strategies used within the Franklin K2 Alternative Strategies Fund.
What are Global Macro, Relative Value, Long/Short Equity, Event Driven?
300
This is the top Bond Holding within the Franklin Income Fund as of 12/31/2015.
What is JP Morgan Chase & Co. (1.94%)?
300
This term describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.
What is liquidity?
300
This was the first official mutual fund created on March 21, 1924.
What is The Massachusetts Investors Trust?
300
As of 12/31/2015 the K2 Alternative Strategies Fund had 37% allocated to what major hedge fund category?
What is Relative Value?
(37% RV; 28% LSE; 15% ED; 17% GM; 3% cash)
400
Name 3 of the 4 main competitors to the Franklin K2 Alternative Strategies Fund. (These are according to Max Corvin).
What are:
1) Blackstone
2) Goldman Sachs
3) Neuberger Berman
4) Principal
400
As of 12/31/2015 this is the total number of positions held by the Franklin Income Fund.
What is 515?
400
A temporary recovery from a prolonged decline or bear market, followed by the continuation of the downtrend.
What is a Dead Cat Bounce?
400
This was the first Exchange Traded Fund (ETF) created in 1993 by State Street Global Advisors and tracks the S&P 500 Index.
What is SPDR?
400
This street was laid out behind a 12-foot-high wooden stockade in lower Manhattan in 1685 for the purpose of protecting Dutch settlers from British and Native American attacks.
What is Wall Street?
500
This is the A share symbol for the Franklin K2 Long/Short Credit Fund.
What is FKLSX?
500
These are the two additional portfolio managers listed on the Franklin Income Fund.
Who are Matt Quinlan & Alex Peters?
500
A statistical measure that represents the percentage of a fund or security's movements that can be explained by movements in a benchmark index.
What is R-Squared?
500
The "stock market" began May 17, 1792 when 24 brokers and merchants signed this agreement.
What is the Buttonwood Agreement?
500
This is the "drink of choice" for Franklin Income Fund lead portfolio manager Ed Perks in down markets.