Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund
August 31, 2021
The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Rate Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the semi- and annual financial statements of the fund.
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date 68245XAJ8 1011778 BC ULC / NEW RED FINANCE INC CALLABLE 260,000 $264,225 0.01% 4.38% 01/15/28 88025U109 10X GENOMICS INC COMMON STOCK USD 0.00001 3,134 $551,333 0.03% N/A N/A BJU1COM 10YR MINI JGB FUT BOND 10/SEP/2021 BJU1 COMDTY 17 ($3,847) 0.00% N/A 09/10/21 68269GAB3 1LIFE HEALTHCARE INC CONVERTIBLE BOND FIXED 3% 525,000 $517,125 0.03% 3.00% 06/15/25 901375105 2020 CASH MANDATORY EXCHANGEABLE TRUST PRIVATE USD 250 $298,330 0.02% N/A N/A BLGY4X3 2MX ORGANIC SA COMMON STOCK EUR 0.01 6,638 $75,635 0.00% N/A N/A BLGY6R1 2MX ORGANIC SA EQUITY WRT 16/NOV/2025 EUR 6,575 $1,789 0.00% N/A 11/16/25 N44445117 31/DEC/2025 USD 1 16,276 $64,127 0.00% N/A 12/31/25 ERZ2COM 3MO EURO EURIBOR INTEREST RATE 19/DEC/2022 ERZ2 182 ($12,235) 0.00% N/A 12/19/22 BP2C235 468 SPAC I SE COMMON STOCK EUR 0.016 195,341 $2,271,892 0.12% N/A N/A BMWPYY8 468 SPAC I SE EQUITY WRT 30/APR/2026 EUR 59,885 $42,426 0.00% N/A 04/30/26 81786A115 7GC & CO HOLDINGS INC EQUITY WRT 31/DEC/2026 USD 4,708 $2,591 0.00% N/A 12/31/26 EDZ2COM 90DAY EURO$ FUTR INTEREST RATE 19/DEC/2022 EDZ2 364 $31,983 0.00% N/A 12/19/22 L0Z2COM 90DAY STERLING FU INTEREST RATE 21/DEC/2022 L Z2 (202) $22,583 0.00% N/A 12/21/22 2816023 A O SMITH CORP COMMON STOCK USD 1 12,386 $900,710 0.05% N/A N/A HD57015 AAL PUT USD 10 20/JAN/2023 (AAL US 01/20/23 P10 50 $4,100 0.00% N/A 01/20/23 MBA2BC5 AAL PUT USD 17 17/SEP/2021 (AAL US 09/17/21 P17 82 $820 0.00% N/A 09/17/21 KAC9F17 AAL PUT USD 18 19/NOV/2021 (AAL US 11/19/21 P18 214 $21,400 0.00% N/A 11/19/21 K511799 AAPL CALL USD 160 15/OCT/2021 (AAPL US 10/15/21 (3) ($639) 0.00% N/A 10/15/21 002824100 ABBOTT LABORATORIES COMMON STOCK USD 0 626 $79,108 0.00% N/A N/A 00287Y109 ABBVIE INC COMMON STOCK USD 0.01 25,234 $3,047,763 0.16% N/A N/A 00436MAA3 ACCELERATED ASSETS 2018-1 LLC 2018-1 A 3.87% 102,289 $106,815 0.01% 3.87% 12/02/33 00436MAB1 ACCELERATED ASSETS 2018-1 LLC 2018-1 B 4.51% 65,759 $68,045 0.00% 4.51% 12/02/33 G1151C101 ACCENTURE PLC COMMON STOCK USD 0.0000225 242 $81,448 0.00% N/A N/A 00437E102 ACCOLADE INC COMMON STOCK USD 8,755 $414,812 0.02% N/A N/A 004375CY5 ACCREDITED MORTGAGE LOAN TRUST 2005-1 2005-1 M6 2,723,486 $2,785,052 0.15% 3.83% 04/25/35 N04E72A ACN CALL USD 350 15/OCT/2021 (ACN US 10/15/21 C350 (1) ($400) 0.00% N/A 10/15/21 00507V109 ACTIVISION BLIZZARD INC COMMON STOCK USD 0.000001 934 $76,934 0.00% N/A N/A 006346AS9 ADAMS OUTDOOR ADVERTISING LP 2018-1 A 4.81% 620,286 $666,715 0.03% 4.81% 11/15/48 006346AU4 ADAMS OUTDOOR ADVERTISING LP 2018-1 B 5.653% 105,000 $109,476 0.01% 5.65% 11/15/48 Y00130YV3 ADANI PORTS & SPECIAL ECONOMIC ZONE LTD CALLABLE 700,000 $707,954 0.04% 3.83% 02/02/32 4031976 ADIDAS AG COMMON STOCK EUR 0 20,779 $7,371,346 0.39% N/A N/A 007024110 ADIT EDTECH ACQUISITION CORP EQUITY WRT 2,049 $1,188 0.00% N/A 12/31/27 00724F101 ADOBE INC COMMON STOCK USD 0.0001 4,660 $3,092,842 0.16% N/A N/A 007903107 ADVANCED MICRO DEVICES INC COMMON STOCK USD 0.01 14,829 $1,641,867 0.09% N/A N/A G01046104 AEA-BRIDGES IMPACT CORP COMMON STOCK USD 0.0001 41,726 $407,246 0.02% N/A N/A G01046112 AEA-BRIDGES IMPACT CORP EQUITY WRT 31/DEC/2025 USD 2,223 $1,512 0.00% N/A 12/31/25 B1VZ431 AECOM COMMON STOCK USD 0.01 20,143 $1,320,575 0.07% N/A N/A 00766T100 AECOM COMMON STOCK USD 0.01 14,664 $961,372 0.05% N/A N/A 00775W102 AEQUI ACQUISITION CORP COMMON STOCK USD 0.0001 19,912 $193,346 0.01% N/A N/A 00775W201 AEQUI ACQUISITION CORP UNIT USD 0.0001 2,464 $24,332 0.00% N/A N/A 00774MAN5 AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL 155,000 $180,937 0.01% 6.50% 07/15/25 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
00774MAE5 AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL 150,000 $160,960 0.01% 3.88% 01/23/28 00771VAB4 AERIE PHARMACEUTICALS INC CONVERTIBLE BOND FIXED 250,000 $246,563 0.01% 1.50% 10/01/24 BWD7PX9 AEROJET ROCKETDYNE HOLDINGS INC COMMON STOCK USD 18,451 $766,086 0.04% N/A N/A HD1C231 AES CALL USD 27 21/JAN/2022 (AES US 01/21/22 C27 1,233 $61,650 0.00% N/A 01/21/22 00130H105 AES CORP/THE COMMON STOCK USD 0.01 253,506 $6,051,188 0.32% N/A N/A 2002479 AES CORP/THE COMMON STOCK USD 0.01 156,751 $3,741,646 0.20% N/A N/A G0112R108 AFRICAN GOLD ACQUISITION CORP COMMON STOCK USD 9,623 $93,151 0.00% N/A N/A G0112R124 AFRICAN GOLD ACQUISITION CORP EQUITY WRT 7,217 $3,464 0.00% N/A 03/13/28 BF5L8B9 AFTERPAY LTD COMMON STOCK AUD 8,239 $801,403 0.04% N/A N/A BN304M7 AFTERPAY LTD CONVERTIBLE BOND ZERO CPN 12/MAR/2026 1,100,000 $830,657 0.04% 0.00% 03/12/26 BHNG4H8 AGILE GROUP HOLDINGS LTD CALLABLE NOTES FIXED 6.7% 300,000 $304,500 0.02% 6.70% 03/07/22 G01202129 AGILE GROWTH CORP 5,764 $57,179 0.00% N/A N/A 00857U107 AGILON HEALTH INC COMMON STOCK USD 0.01 12,240 $428,400 0.02% N/A N/A 001406AB3 AIM AVIATION FINANCE LTD 2015-1A B1 STEP 147,874 $58,070 0.00% 5.07% 02/15/40 00908PAA5 AIR CANADA 2017-1 CLASS AA PASS THROUGH TRUST 397,808 $405,627 0.02% 3.30% 07/15/31 JB806A7 AIR FRANCE-KLM PUT EUR 4.2 17/DEC/2021(AF1 FP 322 $20,531 0.00% N/A 12/17/21 BJMGV05 AIR FRANCE-KLM PUTABLE CONVERTIBLE BOND FIXED 5,773,400 $1,097,800 0.06% 0.13% 03/25/26 00912XBJ2 AIR LEASE CORP CALLABLE BOND VARIABLE USD 1000 280,000 $294,420 0.02% 4.65% 12/31/64 00914AAK8 AIR LEASE CORP CALLABLE MEDIUM TERM NOTE FIXED 535,000 $548,843 0.03% 3.13% 12/01/30 00922RAB1 AIR TRANSPORT SERVICES GROUP INC CONVERTIBLE BOND 198,000 $220,037 0.01% 1.13% 10/15/24 009066101 AIRBNB INC COMMON STOCK USD 0.0001 5,386 $834,776 0.04% N/A N/A 00928QAS0 AIRCASTLE LTD CALLABLE NOTES FIXED 4.25% 550,000 $605,132 0.03% 4.25% 06/15/26 00928QAW1 AIRCASTLE LTD CALLABLE NOTES VARIABLE USD 1000 65,000 $65,341 0.00% 5.25% 12/31/64 00973RAF0 AKER BP ASA CALLABLE NOTES FIXED 3.75% 15/JAN/2030 510,000 $551,950 0.03% 3.75% 01/15/30 00973RAJ2 AKER BP ASA CALLABLE NOTES FIXED 4% 15/JAN/2031 150,000 $165,308 0.01% 4.00% 01/15/31 00974H104 AKOYA BIOSCIENCES INC COMMON STOCK USD 0.00001 7,259 $115,926 0.01% N/A N/A 2046853 ALBEMARLE CORP COMMON STOCK USD 0.01 7,696 $1,821,951 0.10% N/A N/A 01609W102 ALIBABA GROUP HOLDING LTD ADR USD 0.000025 30,565 $5,104,049 0.27% N/A N/A BK6YZP5 ALIBABA GROUP HOLDING LTD COMMON STOCK HKD 537 $11,245 0.00% N/A N/A 016255101 ALIGN TECHNOLOGY INC COMMON STOCK USD 0.0001 3,646 $2,585,014 0.14% N/A N/A 66981N103 ALKURI GLOBAL ACQUISITION CORP COMMON STOCK USD 6,129 $60,800 0.00% N/A N/A 66981N111 ALKURI GLOBAL ACQUISITION CORP EQUITY WRT 1,532 $2,191 0.00% N/A 01/01/28 01671P100 ALLAKOS INC COMMON STOCK USD 0.001 2,880 $256,781 0.01% N/A N/A 01749RAA2 ALLEGRO CLO III LTD 2015-1A E FLOATING 25/JUL/2027 1,240,000 $1,235,366 0.06% 4.93% 07/25/27 BMZLLG4 ALLIED UNIVERSAL HOLDCO LLC/ALLIED UNIVERSAL 163,000 $222,563 0.01% 4.88% 06/01/28 019736AG2 ALLISON TRANSMISSION INC CALLABLE NOTES FIXED 170,000 $170,025 0.01% 3.75% 01/30/31 02005NBN9 ALLY FINANCIAL INC CALLABLE NOTES VARIABLE USD 380,000 $396,625 0.02% 4.70% 12/31/64 02079K305 ALPHABET INC COMMON STOCK USD 0.001 2,085 $6,033,886 0.32% N/A N/A 02079K107 ALPHABET INC COMMON STOCK USD 0.001 356 $1,035,689 0.05% N/A N/A 02081GAA0 ALPHATEC HOLDINGS INC CONVERTIBLE BOND FIXED 0.75% 439,000 $458,017 0.02% 0.75% 08/01/26 12669FEE9 ALTERNATIVE LOAN TRUST 2003-22CB 2003-22CB 1A1 27,548 $28,560 0.00% 5.75% 12/25/33 12669FEG4 ALTERNATIVE LOAN TRUST 2003-22CB 2003-22CB 3A1 6% 74,669 $77,969 0.00% 6.00% 12/25/33 12667FLT0 ALTERNATIVE LOAN TRUST 2004-16CB 2004-16CB 1A1 12,571 $12,929 0.00% 5.50% 07/25/34 12667FLZ6 ALTERNATIVE LOAN TRUST 2004-16CB 2004-16CB 3A1 14,231 $14,635 0.00% 5.50% 08/25/34 12667FDT9 ALTERNATIVE LOAN TRUST 2004-3T1 2004-3T1 M 6% 634,945 $510,040 0.03% 6.00% 05/25/34 12667FHZ1 ALTERNATIVE LOAN TRUST 2004-9T1 2004-9T1 M 5.5% 460,589 $338,882 0.02% 5.50% 07/25/34 12667FVB8 ALTERNATIVE LOAN TRUST 2004-J10 2004-J10 2CB1 6% 41,890 $43,633 0.00% 6.00% 09/25/34 12668AEW1 ALTERNATIVE LOAN TRUST 2005-59 2005-59 1A2A 1,454,625 $816,511 0.04% 0.84% 11/20/35 126694R75 ALTERNATIVE LOAN TRUST 2006-OA2 2006-OA2 A1 1,335,897 $1,164,009 0.06% 0.51% 05/20/46 02150LAL1 ALTERNATIVE LOAN TRUST 2007-12T1 2007-12T1 A11 6% 1,925,704 $1,348,037 0.07% 6.00% 06/25/37 02156BAD5 ALTERYX INC CONVERTIBLE BOND FIXED 0.5% 459,000 $432,332 0.02% 0.50% 08/01/24 02156K103 ALTICE USA INC COMMON STOCK USD 0.01 13,126 $360,177 0.02% N/A N/A 02156Y103 ALTITUDE ACQUISITION CORP COMMON STOCK USD 0.0001 22,442 $219,707 0.01% N/A N/A 02156Y111 ALTITUDE ACQUISITION CORP EQUITY WRT 30/NOV/2027 35,811 $21,845 0.00% N/A 11/30/27 K53796E AMAT CALL USD 145 15/OCT/2021 (AMAT US 10/15/21 (4) ($872) 0.00% N/A 10/15/21
Page 2 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
023135106 AMAZON.COM INC COMMON STOCK USD 0.01 1,901 $6,597,972 0.35% N/A N/A 00165CAP9 AMC ENTERTAINMENT HOLDINGS INC CALLABLE NOTES 592,000 $534,626 0.03% 0.00% 06/15/26 02377BAB2 AMERICAN AIRLINES 2015-2 CLASS AA PASS THROUGH 1,270,676 $1,323,330 0.07% 3.60% 03/22/29 023761AA7 AMERICAN AIRLINES 2017-1 CLASS AA PASS THROUGH 1,296,875 $1,352,609 0.07% 3.65% 08/15/30 02660THY2 AMERICAN HOME MORTGAGE INVESTMENT TRUST 2006-1 105,539 $102,025 0.01% 0.36% 03/25/46 026932AA1 AMERICAN HOME MORTGAGE INVESTMENT TRUST 2007-1 0 $0 0.00% 0.24% 05/25/47 02665UAE5 AMERICAN HOMES 4 RENT 2014-SFR2 TRUST 2014-SFR2 E 210,000 $229,865 0.01% 6.23% 10/17/36 02666AAE8 AMERICAN HOMES 4 RENT 2015-SFR1 2015-SFR1 E 5.639% 200,000 $217,182 0.01% 5.64% 04/17/52 BMHKZ90 AMERICAN NATIONAL GROUP INC 3,176 $611,380 0.03% N/A N/A 03027X100 AMERICAN TOWER CORP REIT USD 0.01 274 $80,055 0.00% N/A N/A 03152W109 AMICUS THERAPEUTICS INC COMMON STOCK USD 0.01 68,922 $785,022 0.04% N/A N/A BMVM6Z5 AMS AG CONVERTIBLE BOND FIXED 2.125% 03/NOV/2027 1,700,000 $1,991,919 0.10% 2.13% 11/03/27 K513BE0 AMT CALL USD 300 15/OCT/2021 (AMT US 10/15/21 C300 (1) ($400) 0.00% N/A 10/15/21 BYZR014 AMUNDI SA COMMON STOCK EUR 2.5 42,626 $4,034,257 0.21% N/A N/A BLLJ381 ANIMA HOLDING SPA COMMON STOCK EUR 0 221,725 $1,143,638 0.06% N/A N/A 03666HAD3 ANTARES HOLDINGS LP CALLABLE NOTES FIXED 2.75% 255,000 $256,297 0.01% 2.75% 01/15/27 036752103 ANTHEM INC COMMON STOCK USD 0.01 34 $12,754 0.00% N/A N/A 03753U106 APELLIS PHARMACEUTICALS INC COMMON STOCK USD 50,814 $3,346,102 0.18% N/A N/A 03754WAL5 APEX CREDIT CLO 2016 LTD 2016-1A DR FLOATING 1,000,000 $995,863 0.05% 3.53% 10/27/28 03765LAV4 APIDOS CLO XX 2015-20A BRR FLOATING 16/JUL/2031 255,000 $255,382 0.01% 2.08% 07/16/31 03762UAB1 APOLLO COMMERCIAL REAL ESTATE FINANCE INC 1,130,000 $1,151,244 0.06% 4.75% 08/23/22 G0411R106 APOLLO STRATEGIC GROWTH CAPITAL COMMON STOCK USD 13,640 $132,717 0.01% N/A N/A G0412A110 APOLLO STRATEGIC GROWTH CAPITAL II UNIT USD 13,065 $129,017 0.01% N/A N/A BLGZG85 APOLLO STRATEGIC GROWTH CAPITAL II UNIT USD 751 $7,416 0.00% N/A N/A 037833100 APPLE INC COMMON STOCK USD 0.00001 2,186 $331,900 0.02% N/A N/A 038222105 APPLIED MATERIALS INC COMMON STOCK USD 0.01 1,421 $192,020 0.01% N/A N/A MB999D1 AR PUT USD 11 17/SEP/2021 (AR US 09/17/21 P11 28 $210 0.00% N/A 09/17/21 038923AP3 ARBOR REALTY TRUST INC CONVERTIBLE BOND FIXED 2,590,000 $2,888,231 0.15% 4.75% 11/01/22 BYPBS67 ARCELORMITTAL SA COMMON STOCK EUR 0 22,115 $741,737 0.04% N/A N/A G33032106 ARES ACQUISITION CORP COMMON STOCK USD 0.0001 15,047 $146,106 0.01% N/A N/A G33032122 ARES ACQUISITION CORP EQUITY WRT 31/DEC/2027 USD 2,851 $2,737 0.00% N/A 12/31/27 04010LBB8 ARES CAPITAL CORP CALLABLE NOTES FIXED 2.875% 440,000 $448,981 0.02% 2.88% 06/15/28 BNC1841 ARGENTINE REPUBLIC/THE CALLABLE BOND STEP CPN 9,202,172 $3,802,061 0.20% 2.00% 01/09/38 BNC1852 ARGENTINE REPUBLIC/THE CALLABLE BOND STEP CPN 3,333,883 $1,306,249 0.07% 2.50% 07/09/41 04016X101 ARGENX SE ADR 7,057 $2,336,008 0.12% N/A N/A BLBLMD5 ARRAY TECHNOLOGIES INC COMMON STOCK USD 149,176 $2,844,786 0.15% N/A N/A 28622PAG8 ARROWMARK COLORADO HOLDINGS 2017-6A C FLOATING 430,000 $431,318 0.02% 2.83% 07/15/29 04316A108 ARTISAN PARTNERS ASSET MANAGEMENT INC COMMON STOCK 1,624 $84,383 0.00% N/A N/A 04335A105 ARVINAS INC COMMON STOCK USD 0.001 4,827 $416,136 0.02% N/A N/A 04364YAE7 ASCENTIUM EQUIPMENT RECEIVABLES 2017-2 TRUST 35,000 $35,138 0.00% 2.87% 08/10/22 04433LAA0 ASHLAND LLC CALLABLE NOTES FIXED 3.375% 285,000 $293,298 0.02% 3.38% 09/01/31 04636NAC7 ASTRAZENECA FINANCE LLC CALLABLE NOTES FIXED 0.7% 570,000 $570,829 0.03% 0.70% 05/28/24 K515DA5 ATEC PUT USD 12.5 15/OCT/2021 (ATEC US 10/15/21 27 $1,080 0.00% N/A 10/15/21 04687A117 ATHENA TECHNOLOGY ACQUISITION CORP EQUITY WRT 5,897 $8,020 0.00% N/A 03/31/28 04686JAC5 ATHENE HOLDING LTD CALLABLE NOTES FIXED 3.5% 160,000 $174,275 0.01% 3.50% 01/15/31 BZ13MZ1 ATHENE HOLDING LTD COMMON STOCK USD 0.001 85,470 $5,723,926 0.30% N/A N/A 04748A114 ATHLON ACQUISITION CORP EQUITY WRT 05/MAR/2026 USD 6,146 $4,238 0.00% N/A 03/05/26 7667163 ATLANTIA SPA COMMON STOCK EUR 1 109,864 $2,057,934 0.11% N/A N/A 04906P101 ATLANTIC AVENUE ACQUISITION CORP COMMON STOCK USD 13,702 $134,006 0.01% N/A N/A 04906P119 ATLANTIC AVENUE ACQUISITION CORP EQUITY WRT 6,851 $4,659 0.00% N/A 10/06/27 048453104 ATLANTIC COASTAL ACQUISITION CORP COMMON STOCK USD 23,700 $229,416 0.01% N/A N/A 048453112 ATLANTIC COASTAL ACQUISITION CORP EQUITY WRT 7,900 $8,453 0.00% N/A 12/31/27 049164205 ATLAS AIR WORLDWIDE HOLDINGS INC COMMON STOCK USD 5,978 $437,410 0.02% N/A N/A 049164BH8 ATLAS AIR WORLDWIDE HOLDINGS INC CONVERTIBLE BOND 1,797,000 $1,996,916 0.10% 2.25% 06/01/22 049164BJ4 ATLAS AIR WORLDWIDE HOLDINGS INC CONVERTIBLE BOND 116,000 $155,078 0.01% 1.88% 06/01/24
Page 3 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
049287105 ATLAS CREST INVESTMENT CORP II COMMON STOCK USD 29,096 $281,067 0.01% N/A N/A 049287113 ATLAS CREST INVESTMENT CORP II EQUITY WRT 6,097 $5,548 0.00% N/A 02/28/26 04941GAS7 ATLAS SENIOR LOAN FUND III LTD 2013-1A DR FLOATING 2,620,000 $2,580,717 0.14% 2.72% 11/17/27 05156XAG3 AURORA CANNABIS INC CONVERTIBLE BOND FIXED 5.5% 3,063,000 $2,603,550 0.14% 5.50% 02/28/24 XMU1COM AUST 10Y BOND FUT BOND 15/SEP/2021 XMU1 COMDTY 91 $161,639 0.01% N/A 09/15/21 G0633D109 AUSTERLITZ ACQUISITION CORP I COMMON STOCK USD 39,597 $392,406 0.02% N/A N/A G0633D125 AUSTERLITZ ACQUISITION CORP I EQUITY WRT 37,170 $46,834 0.00% N/A 02/19/26 G0633U101 AUSTERLITZ ACQUISITION CORP II COMMON STOCK USD 49,188 $476,140 0.02% N/A N/A G0633U127 AUSTERLITZ ACQUISITION CORP II EQUITY WRT 4,571 $4,439 0.00% N/A 12/31/27 G06607124 AUTHENTIC EQUITY ACQUISITION CORP EQUITY WRT 14,603 $10,806 0.00% N/A 12/31/27 052769106 AUTODESK INC COMMON STOCK USD 0.01 337 $104,500 0.01% N/A N/A 05338G106 AVALARA INC COMMON STOCK USD 0.0001 19,943 $3,583,757 0.19% N/A N/A 05352A100 AVANTOR INC COMMON STOCK USD 0.01 35,646 $1,405,878 0.07% N/A N/A 05369GAA6 AVID SPV LLC CONVERTIBLE BOND FIXED 1.25% 723,000 $975,057 0.05% 1.25% 03/15/26 M1563QAC9 AXIS BANK LTD/DUBAI MEDIUM TERM NOTE FIXED 3% 1,700,000 $1,733,890 0.09% 3.00% 08/08/22 05465P101 AXONICS INC COMMON STOCK USD 0.0001 8,671 $650,152 0.03% N/A N/A N050E00 AYX CALL USD 80 15/OCT/2021 (AYX US 10/15/21 C80 5 $910 0.00% N/A 10/15/21 N00FA45 AYX CALL USD 85 15/OCT/2021 (AYX US 10/15/21 C85 5 $425 0.00% N/A 10/15/21 05509TAG6 B&M CLO 2014-1 LTD 2014-1A DR FLOATING 16/APR/2026 2,800,000 $2,828,035 0.15% 4.83% 04/16/26 058498106 BALL CORP COMMON STOCK USD 0 148,293 $14,230,196 0.75% N/A N/A 2073022 BALL CORP COMMON STOCK USD 0 914 $87,707 0.00% N/A N/A 05948KU64 BANC OF AMERICA ALTERNATIVE LOAN TRUST 2005-11 1,348,149 $1,337,587 0.07% 5.50% 12/25/35 05946XU92 BANC OF AMERICA FUNDING 2005-7 TRUST 2005-7 4A3 162,239 $169,947 0.01% 5.75% 11/25/35 05946XXW8 BANC OF AMERICA FUNDING 2005-E TRUST 2005-E 8A1 1,122,283 $954,400 0.05% 1.71% 06/20/35 05950DAD2 BANC OF AMERICA FUNDING 2006-E TRUST 2006-E 2A1 204,335 $198,719 0.01% 2.65% 06/20/36 05953YBJ9 BANC OF AMERICA FUNDING 2007-4 TRUST 2007-4 2A13 0 $0 0.00% 6.00% 06/25/37 05953YBT7 BANC OF AMERICA FUNDING 2007-4 TRUST 2007-4 5A1 44,336 $44,216 0.00% 5.50% 11/25/34 05949AH86 BANC OF AMERICA MORTGAGE 2005-A TRUST 2005-A 2A1 5,817 $6,026 0.00% 2.62% 02/25/35 05961AAG8 BANCO HIPOTECARIO SA BOND VARIABLE 07/NOV/2022 ARS 4,525,000 $27,461 0.00% 13084.50% 11/07/22 05963GAJ7 BANCO MACRO SA NOTES FIXED 17.5% 08/MAY/2022 ARS 1,840,000 $9,497 0.00% 17.50% 05/08/22 05971KAK5 BANCO SANTANDER SA CALLABLE NOTES VARIABLE 400,000 $401,300 0.02% 0.70% 06/30/24 05971KAG4 BANCO SANTANDER SA NOTES FIXED 2.749% 03/DEC/2030 200,000 $201,223 0.01% 2.75% 12/03/30 022951K2L BANK OF AMERICA CORP 214,000 ($3,524) 0.00% N/A 06/20/26 022952K2L BANK OF AMERICA CORP 214,000 ($3,524) 0.00% N/A 06/20/26 020170K2L BANK OF AMERICA CORP 233,000 ($3,995) 0.00% N/A 06/20/24 023116K2L BANK OF AMERICA CORP 149,864 ($7,805) 0.00% N/A 03/04/22 06051GJY6 BANK OF AMERICA CORP CALLABLE MEDIUM TERM NOTE 575,000 $574,703 0.03% 0.52% 06/14/24 060505682 BANK OF AMERICA CORP PUBLIC 252 $369,936 0.02% N/A N/A G0818TAC5 BANK OF BARODA/LONDON MEDIUM TERM NOTE FIXED 500,000 $529,115 0.03% 3.88% 04/04/24 BN7RDS3 BANK OF COMMUNICATIONS HONG KONG LTD CALLABLE BOND 600,000 $599,409 0.03% 2.30% 07/08/31 06367TQW3 BANK OF MONTREAL CALLABLE MEDIUM TERM NOTE FIXED 575,000 $575,159 0.03% 0.63% 07/09/24 0641593X2 BANK OF NOVA SCOTIA/THE CALLABLE NOTES FIXED 0.7% 565,000 $566,272 0.03% 0.70% 04/15/24 Y7139HBL7 BANK RAKYAT INDONESIA PERSERO TBK PT BOND FIXED 300,000 $319,875 0.02% 4.63% 07/20/23 GBPFBAR BARCLAYS BANK 290,660 $399,614 0.02% N/A N/A EURFBAR BARCLAYS BANK 50,958 $60,169 0.00% N/A N/A BD0Q558EBBAR BARCLAYS BANK 38,000 $48,260 0.00% N/A N/A 2919290EBBAR BARCLAYS BANK (17,417) $45,110 0.00% N/A N/A 2793104EBBAR BARCLAYS BANK (11,186) $34,005 0.00% N/A N/A 4061393EBBAR BARCLAYS BANK 3,012 $25,651 0.00% N/A N/A B5VQMV6EBBARBARCLAYS BANK 56,311 $13,935 0.00% N/A N/A BYTP3L5EBBAR BARCLAYS BANK 16,026 $13,462 0.00% N/A N/A BV9FWX9EBBARBARCLAYS BANK 102,775 $6,068 0.00% N/A N/A B0YZ0Z5EBBAR BARCLAYS BANK 48,540 $5,210 0.00% N/A N/A BSKSP37EBBAR BARCLAYS BANK 111,293 $3,437 0.00% N/A N/A 5982200EABAR BARCLAYS BANK 34,616 $3,270 0.00% N/A N/A
Page 4 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
2452698EBBAR BARCLAYS BANK (4,414) $2,737 0.00% N/A N/A B8460Z4EBBAR BARCLAYS BANK 204,762 $1,408 0.00% N/A N/A BJN4XN5EBBAR BARCLAYS BANK (10,995) $1,045 0.00% N/A N/A BN49111EBBAR BARCLAYS BANK (11,311) ($1,336) 0.00% N/A N/A BSHYK55EBBARBARCLAYS BANK 25,026 ($2,701) 0.00% N/A N/A GBPFINBAR BARCLAYS BANK 1 ($2,905) 0.00% N/A N/A 2208374EBBAR BARCLAYS BANK 4,855 ($3,204) 0.00% N/A N/A BYWWHR7EBBARBARCLAYS BANK 244,971 ($3,368) 0.00% N/A N/A BAR BARCLAYS BANK 0 ($4,173) 0.00% N/A N/A BVRZ8S8EBBAR BARCLAYS BANK 231,602 ($6,368) 0.00% N/A N/A EURFINBAR BARCLAYS BANK 1 ($6,770) 0.00% N/A N/A BYWH073EBBARBARCLAYS BANK (21,891) ($8,537) 0.00% N/A N/A 0575809EBBAR BARCLAYS BANK 156,995 ($8,659) 0.00% N/A N/A USDFINBAR BARCLAYS BANK 1 ($9,325) 0.00% N/A N/A 2210959EBBAR BARCLAYS BANK (1,804) ($13,133) 0.00% N/A N/A 4061412EBBAR BARCLAYS BANK (2,609) ($13,267) 0.00% N/A N/A BDD85M8EBBARBARCLAYS BANK 364,124 ($22,063) 0.00% N/A N/A BYY5978EBBAR BARCLAYS BANK 24,554 ($26,362) 0.00% N/A N/A 2032067EBBAR BARCLAYS BANK 7,007 ($45,682) 0.00% N/A N/A BKRLVD5EBBARBARCLAYS BANK (98,203) ($110,969) -0.01% N/A N/A BYV2325EBBAR BARCLAYS BANK (20,810) ($130,895) -0.01% N/A N/A USDFBAR BARCLAYS BANK (1,006,156) ($1,006,156) -0.05% N/A N/A 023039K2L BARCLAYS PLC 1,200,000 $103,280 0.01% N/A 06/20/26 021381K2L BARCLAYS PLC 73,000 $40,176 0.00% N/A 12/20/25 023150K2L BARCLAYS PLC 210,000 $18,729 0.00% N/A 06/20/26 021404K2L BARCLAYS PLC 24,000 $13,209 0.00% N/A 12/20/25 023209K2L BARCLAYS PLC 211,000 $6,900 0.00% N/A 06/20/24 019840K2L BARCLAYS PLC 334,000 $4,754 0.00% N/A 06/20/25 023095K2L BARCLAYS PLC 42,000 $3,746 0.00% N/A 06/20/26 019960K2L BARCLAYS PLC 40,000 ($1,512) 0.00% N/A 06/20/22 021553K2L BARCLAYS PLC 73,000 ($1,526) 0.00% N/A 12/20/21 021449K2L BARCLAYS PLC 123,000 ($2,572) 0.00% N/A 12/20/21 021680K2L BARCLAYS PLC 123,000 ($2,572) 0.00% N/A 12/20/21 021682K2L BARCLAYS PLC 123,000 ($2,572) 0.00% N/A 12/20/21 021556K2L BARCLAYS PLC 245,000 ($5,123) 0.00% N/A 12/20/21 023145K2L BARCLAYS PLC 106,000 ($7,580) 0.00% N/A 06/20/26 022437K2L BARCLAYS PLC 2,255,000 ($20,105) 0.00% N/A 06/20/26 021213K2L BARCLAYS PLC 1,050,000 ($20,827) 0.00% N/A 12/20/25 023044K2L BARCLAYS PLC 385,000 ($27,531) 0.00% N/A 06/20/26 022090K2L BARCLAYS PLC 470,000 ($38,077) 0.00% N/A 12/20/25 06738EBP9 BARCLAYS PLC CALLABLE NOTES VARIABLE 23/SEP/2035 480,000 $501,987 0.03% 3.56% 09/23/35 06738EBT1 BARCLAYS PLC CALLABLE NOTES VARIABLE USD 1000 255,000 $258,902 0.01% 4.38% 12/31/64 3134865 BARCLAYS PLC COMMON STOCK GBP 25 428,100 $1,085,410 0.06% N/A N/A BF377T0 BARINGS EURO CLO 2014-2 DAC 2014-2X DR FLOATING 1,500,000 $1,782,841 0.09% 3.20% 11/25/29 070830104 BATH & BODY WORKS INC COMMON STOCK USD 0.5 30,078 $2,029,663 0.11% N/A N/A 07134L107 BATTALION OIL CORP COMMON STOCK USD 0.0001 8,004 $85,002 0.00% N/A N/A 05492EAJ2 BDS 2019-FL3 LTD 2019-FL3 D FLOATING 15/DEC/2035 2,000,000 $1,999,385 0.10% 2.79% 12/15/35 07386HNW7 BEAR STEARNS ALT-A TRUST 2004-12 2004-12 1B1 1,878,779 $1,926,433 0.10% 2.71% 01/25/35 07386HK83 BEAR STEARNS ALT-A TRUST 2006-3 2006-3 21A1 1,308,257 $1,115,941 0.06% 2.77% 05/25/36 07401CAD5 BEAR STEARNS ARM TRUST 2007-4 2007-4 12A1 VARIABLE 1,303,463 $1,289,746 0.07% 3.04% 05/25/37 073852AF2 BEAR STEARNS ASSET BACKED SECURITIES I TRUST 765,352 $1,013,362 0.05% 0.30% 04/25/37 08265TAA7 BENTLEY SYSTEMS INC CONVERTIBLE BOND FIXED 0.125% 19,000 $22,753 0.00% 0.13% 01/15/26 084656115 BERKSHIRE GREY INC EQUITY WRT 10/DEC/2026 USD 35,589 $44,130 0.00% N/A 12/10/26 08862EAA7 BEYOND MEAT INC CONVERTIBLE BOND ZERO CPN 1,417,000 $1,295,158 0.07% 0.00% 03/15/27 N1384FAA3 BHARTI AIRTEL INTERNATIONAL NETHERLANDS BV 700,000 $736,767 0.04% 5.13% 03/11/23
Page 5 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
08860HAC8 BHARTI AIRTEL LTD CALLABLE NOTES FIXED 3.25% 200,000 $202,750 0.01% 3.25% 06/03/31 K5172EA BHR PUT USD 5 15/OCT/2021 (BHR US 10/15/21 P5 11 $550 0.00% N/A 10/15/21 BLF8533 BILIBILI INC COMMON STOCK HKD 0.0001 155 $12,348 0.00% N/A N/A 09061GAK7 BIOMARIN PHARMACEUTICAL INC CONVERTIBLE BOND FIXED 2,486,000 $2,513,014 0.13% 1.25% 05/15/27 09075V102 BIONTECH SE ADR USD 8,778 $2,889,630 0.15% N/A N/A 090572207 BIO-RAD LABORATORIES INC COMMON STOCK USD 0.0001 602 $484,502 0.03% N/A N/A G1125A116 BIOTECH ACQUISITION CO EQUITY WRT 30/NOV/2027 USD 6,862 $4,220 0.00% N/A 11/30/27 BCBHZ42 BLACKBERRY LTD COMMON STOCK CAD 0 23,536 $268,546 0.01% N/A N/A 09228F103 BLACKBERRY LTD COMMON STOCK CAD 0 22,604 $257,912 0.01% N/A N/A 09260D107 BLACKSTONE GROUP INC/THE COMMON STOCK USD 0 712 $89,520 0.00% N/A N/A 09261XAC6 BLACKSTONE SECURED LENDING FUND CALLABLE NOTES 500,000 $494,446 0.03% 2.13% 02/15/27 G1330M111 BLUE WHALE ACQUISITION CORP I UNIT USD 0.0001 18,978 $204,014 0.01% N/A N/A 09627Y109 BLUEPRINT MEDICINES CORP COMMON STOCK USD 0.001 10,722 $1,000,041 0.05% N/A N/A BN7RDT4 BLUESTAR FINANCE HOLDINGS LTD CALLABLE BOND 300,000 $304,894 0.02% 3.10% 12/31/64 N07B9C4 BMY CALL USD 70 15/OCT/2021 (BMY US 10/15/21 C70 (5) ($240) 0.00% N/A 10/15/21 021263K2L BNP PARIBAS 49,000 ($542) 0.00% N/A 12/20/25 021209K2L BNP PARIBAS 527,000 ($5,827) 0.00% N/A 12/20/25 Y09292AK2 BOC AVIATION LTD MEDIUM TERM NOTE FIXED 2.75% 500,000 $518,558 0.03% 2.75% 12/02/23 BMW1736 BOCOM LEASING MANAGEMENT HONG KONG CO LTD CALLABLE 300,000 $302,714 0.02% 1.75% 07/14/23 BMGPRC3 BOCOM LEASING MANAGEMENT HONG KONG CO LTD MEDIUM 1,200,000 $1,196,584 0.06% 1.13% 06/18/24 097023DG7 BOEING CO/THE CALLABLE NOTES FIXED 2.196% 650,000 $652,669 0.03% 2.20% 02/04/26 097023CN3 BOEING CO/THE CALLABLE NOTES FIXED 2.95% 75,000 $77,160 0.00% 2.95% 02/01/30 097023BS3 BOEING CO/THE CALLABLE NOTES FIXED 3.375% 110,000 $107,970 0.01% 3.38% 06/15/46 097023BZ7 BOEING CO/THE CALLABLE NOTES FIXED 3.625% 10,000 $10,062 0.00% 3.63% 03/01/48 097023CQ6 BOEING CO/THE CALLABLE NOTES FIXED 3.75% 210,000 $217,945 0.01% 3.75% 02/01/50 097023CF0 BOEING CO/THE CALLABLE NOTES FIXED 3.825% 40,000 $40,859 0.00% 3.83% 03/01/59 097023CK9 BOEING CO/THE CALLABLE NOTES FIXED 3.9% 145,000 $152,193 0.01% 3.90% 05/01/49 097023CR4 BOEING CO/THE CALLABLE NOTES FIXED 3.95% 50,000 $52,160 0.00% 3.95% 08/01/59 097023CY9 BOEING CO/THE CALLABLE NOTES FIXED 5.15% 205,000 $242,760 0.01% 5.15% 05/01/30 097023CW3 BOEING CO/THE CALLABLE NOTES FIXED 5.805% 710,000 $965,886 0.05% 5.81% 05/01/50 097751BJ9 BOMBARDIER INC CALLABLE NOTES FIXED 6% 15/OCT/2022 825,000 $827,021 0.04% 6.00% 10/15/22 BL9FKQ8 BOMBARDIER INC CALLABLE NOTES FIXED 6% 15/OCT/2022 20,000 $20,049 0.00% 6.00% 10/15/22 B6TN669 BOMBARDIER INC CALLABLE NOTES FIXED 6.125% 2,082,000 $2,241,367 0.12% 6.13% 01/15/23 097751BF7 BOMBARDIER INC CALLABLE NOTES FIXED 6.125% 124,000 $133,492 0.01% 6.13% 01/15/23 2109723 BOMBARDIER INC COMMON STOCK CAD 0 1,338,915 $1,952,684 0.10% N/A N/A 09857L108 BOOKING HOLDINGS INC COMMON STOCK USD 0.008 62 $142,580 0.01% N/A N/A 101137206 BOSTON SCIENTIFIC CORP PUBLIC USD 100 818 $98,291 0.01% N/A N/A 103085106 BOWX ACQUISITION CORP COMMON STOCK USD 0.0001 9,312 $92,468 0.00% N/A N/A 103085114 BOWX ACQUISITION CORP EQUITY WRT 31/DEC/2025 USD 37,188 $56,526 0.00% N/A 12/31/25 K09E7D3 BOX CALL USD 26 17/SEP/2021 (BOX US 09/17/21 C26 (143) ($9,438) 0.00% N/A 09/17/21 N078C57 BOX CALL USD 27 15/OCT/2021 (BOX US 10/15/21 C27 (120) ($10,200) 0.00% N/A 10/15/21 K9ACFE2 BOX CALL USD 27 17/SEP/2021 (BOX US 09/17/21 C27 (112) ($4,256) 0.00% N/A 09/17/21 KE35538 BOX CALL USD 28 17/DEC/2021 (BOX US 12/17/21 C28 (24) ($3,144) 0.00% N/A 12/17/21 K9AD1AE BOX CALL USD 29 17/SEP/2021 (BOX US 09/17/21 C29 (49) ($735) 0.00% N/A 09/17/21 10316T104 BOX INC COMMON STOCK USD 0.0001 73,592 $1,897,202 0.10% N/A N/A K08F2DA BOX PUT USD 18 17/SEP/2021 (BOX US 09/17/21 P18 147 $441 0.00% N/A 09/17/21 K09DAF2 BOX PUT USD 19 17/SEP/2021 (BOX US 09/17/21 P19 143 $429 0.00% N/A 09/17/21 K0A3661 BOX PUT USD 20 17/SEP/2021 (BOX US 09/17/21 P20 38 $475 0.00% N/A 09/17/21 KE57A0E BOX PUT USD 23 17/DEC/2021 (BOX US 12/17/21 P23 24 $2,580 0.00% N/A 12/17/21 K0936B3 BOX PUT USD 23 17/SEP/2021 (BOX US 09/17/21 P23 430 $4,300 0.00% N/A 09/17/21 N052C24 BOX PUT USD 24 15/OCT/2021 (BOX US 10/15/21 P24 120 $7,200 0.00% N/A 10/15/21 10482BAA9 BRAEMAR HOTELS & RESORTS INC CONVERTIBLE BOND 598,000 $667,704 0.04% 4.50% 06/01/26 10554TAE5 BRASKEM NETHERLANDS FINANCE BV CALLABLE NOTES 200,000 $231,500 0.01% 5.88% 01/31/50 B4YVF56 BRENNTAG SE COMMON STOCK EUR 0 71,931 $7,259,157 0.38% N/A N/A G1355U113 BRIDGETOWN HOLDINGS LTD COMMON STOCK USD 4,747 $46,568 0.00% N/A N/A
Page 6 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
110122108 BRISTOL-MYERS SQUIBB CO COMMON STOCK USD 0.1 1,164 $77,825 0.00% N/A N/A 11044MAA4 BRITISH AIRWAYS 2020-1 CLASS A PASS THROUGH TRUST 583,435 $627,253 0.03% 4.25% 05/15/34 11135FAS0 BROADCOM INC CALLABLE NOTES FIXED 4.3% 15/NOV/2032 510,000 $584,217 0.03% 4.30% 11/15/32 11134Y101 BROADSCALE ACQUISITION CORP COMMON STOCK USD 9,796 $94,727 0.00% N/A N/A 11134Y119 BROADSCALE ACQUISITION CORP EQUITY WRT 02/FEB/2026 2,449 $1,837 0.00% N/A 02/02/26 G1739V126 BROADSTONE ACQUISITION CORP EQUITY WRT 15/SEP/2028 40,347 $37,434 0.00% N/A 09/15/28 3091357 BT GROUP PLC COMMON STOCK GBP 5 51,383 $120,113 0.01% N/A N/A G16962204 BUNGE LTD PUBLIC USD 100 4,982 $566,703 0.03% N/A N/A G1702T116 BURGUNDY TECHNOLOGY ACQUISITION CORP COMMON STOCK 13,528 $133,792 0.01% N/A N/A 12232KAL4 BURNHAM PARK CLO LTD 2016-1A CR FLOATING 250,000 $250,331 0.01% 2.28% 10/20/29 12233L107 BURNING ROCK BIOTECH LTD ADR USD 0.0002 27,411 $510,667 0.03% N/A N/A N079A39 BX CALL USD 125 15/OCT/2021 (BX US 10/15/21 C125 (4) ($1,872) 0.00% N/A 10/15/21 H7C2434 BYND PUT USD 110 17/SEP/2021 (BYND US 09/17/21 6 $684 0.00% N/A 09/17/21 12529R107 C4 THERAPEUTICS INC COMMON STOCK USD 0.0001 8,455 $339,299 0.02% N/A N/A CFU1IDX CAC40 10 EURO FUT EQUITY INDEX 17/SEP/2021 CFU1 41 ($23,915) 0.00% N/A 09/17/21 13057FAG6 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2018-1 220,000 $227,174 0.01% 4.33% 04/15/25 131193104 CALLAWAY GOLF CO COMMON STOCK USD 0.01 591 $16,583 0.00% N/A N/A 131347CN4 CALPINE CORP CALLABLE NOTES FIXED 5.125% 125,000 $127,344 0.01% 5.13% 03/15/28 CNZ1COM CAN 10YR BOND FUT BOND 20/DEC/2021 CNZ1 COMDTY 137 ($4,203) 0.00% N/A 12/20/21 13645T100 CANADIAN PACIFIC RAILWAY LTD COMMON STOCK CAD 53,781 $3,699,595 0.19% N/A N/A 2793104 CANADIAN PACIFIC RAILWAY LTD COMMON STOCK CAD 2,656 $182,706 0.01% N/A N/A G1818UAD8 CANARA BANK/LONDON MEDIUM TERM NOTE FIXED 3.25% 250,000 $254,969 0.01% 3.25% 08/10/22 BFXHBK9 CANOPY GROWTH CORP CONVERTIBLE BOND FIXED 4.25% 2,335,000 $1,839,184 0.10% 4.25% 07/15/23 G1890L107 CAPRI HOLDINGS LTD COMMON STOCK USD 0 49,610 $2,803,461 0.15% N/A N/A BJ1N1M9 CAPRI HOLDINGS LTD COMMON STOCK USD 0 14,883 $841,038 0.04% N/A N/A 14070Y101 CAPSTAR SPECIAL PURPOSE ACQUISITION CORP COMMON 14,769 $146,065 0.01% N/A N/A 14070Y119 CAPSTAR SPECIAL PURPOSE ACQUISITION CORP EQUITY 12,100 $11,132 0.00% N/A 07/09/27 14161W105 CARDLYTICS INC COMMON STOCK USD 0.0001 9,520 $864,226 0.05% N/A N/A 141788109 CARGURUS INC COMMON STOCK USD 0.001 4,600 $139,748 0.01% N/A N/A 142038108 CARIBOU BIOSCIENCES INC COMMON STOCK USD 0.0001 9,759 $265,445 0.01% N/A N/A 14315BAG1 CARLYLE US CLO 2017-4 LTD 2017-4A C FLOATING 285,000 $274,950 0.01% 2.93% 01/15/30 14315RAJ0 CARLYLE US CLO 2018-4 LTD 2018-4A C FLOATING 400,000 $399,351 0.02% 3.03% 01/20/31 14315EAG5 CARMAX AUTO OWNER TRUST 2018-4 2018-4 D 4.15% 130,000 $135,652 0.01% 4.15% 04/15/25 143636108 CARNEY TECHNOLOGY ACQUISITION CORP II COMMON STOCK 18,290 $177,779 0.01% N/A N/A 143636116 CARNEY TECHNOLOGY ACQUISITION CORP II EQUITY WRT 9,283 $6,498 0.00% N/A 11/30/27 143658BN1 CARNIVAL CORP CALLABLE NOTES FIXED 5.75% 440,000 $450,413 0.02% 5.75% 03/01/27 143658300 CARNIVAL CORP COMMON STOCK USD 0.01 1,746 $42,148 0.00% N/A N/A 3121522 CARNIVAL PLC COMMON STOCK GBP 1.66 40,468 $876,865 0.05% N/A N/A BK4N0D7 CARRIER GLOBAL CORP COMMON STOCK USD 0.01 38,953 $2,243,693 0.12% N/A N/A 14448C104 CARRIER GLOBAL CORP COMMON STOCK USD 0.01 30,985 $1,784,736 0.09% N/A N/A 146869AH5 CARVANA CO CALLABLE NOTES FIXED 4.875% 01/SEP/2029 939,000 $930,742 0.05% 4.88% 09/01/29 146869AF9 CARVANA CO CALLABLE NOTES FIXED 5.5% 15/APR/2027 203,000 $209,776 0.01% 5.50% 04/15/27 146869AB8 CARVANA CO CALLABLE NOTES FIXED 5.625% 01/OCT/2025 275,000 $286,344 0.02% 5.63% 10/01/25 146869AD4 CARVANA CO CALLABLE NOTES FIXED 5.875% 01/OCT/2028 550,000 $574,750 0.03% 5.88% 10/01/28 JB820C0 CASINO GUICHARD PERRACHON SA CALL EUR 30 64 $1,587 0.00% N/A 12/17/21 JAFF4C9 CASINO GUICHARD PERRACHON SA CALL EUR 34 (64) ($453) 0.00% N/A 12/17/21 BK0SJY0 CASINO GUICHARD PERRACHON SA CALLABLE MEDIUM TERM 300,000 $360,236 0.02% 4.50% 03/07/24 BFTWPT5 CASINO GUICHARD PERRACHON SA CALLABLE MEDIUM TERM 300,000 $258,761 0.01% 3.99% 12/31/64 148806102 CATALENT INC COMMON STOCK USD 0.01 3,472 $452,888 0.02% N/A N/A 14913R2L0 CATERPILLAR FINANCIAL SERVICES CORP CALLABLE 570,000 $570,463 0.03% 0.45% 05/17/24 149123101 CATERPILLAR INC COMMON STOCK USD 1 365 $76,968 0.00% N/A N/A G2007L113 CAZOO GROUP LTD EQUITY WRT 26/AUG/2026 USD 28,015 $38,381 0.00% N/A 08/26/26 UXU1IDX CBOE VIX FUTURE EQUITY INDEX 15/SEP/2021 UXU1 2 ($864) 0.00% N/A 09/15/21 UXG2IDX CBOE VIX FUTURE EQUITY INDEX 16/FEB/2022 UXG2 27 ($8,272) 0.00% N/A 02/16/22 UXX1IDX CBOE VIX FUTURE EQUITY INDEX 17/NOV/2021 UXX1 7 ($29) 0.00% N/A 11/17/21
Page 7 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
UXF2IDX CBOE VIX FUTURE EQUITY INDEX 19/JAN/2022 UXF2 51 ($8,623) 0.00% N/A 01/19/22 UXV1IDX CBOE VIX FUTURE EQUITY INDEX 20/OCT/2021 UXV1 7 ($940) 0.00% N/A 10/20/21 UXZ1IDX CBOE VIX FUTURE EQUITY INDEX 22/DEC/2021 UXZ1 22 ($8,780) 0.00% N/A 12/22/21 12510J205 CBRE ACQUISITION HOLDINGS INC UNIT USD 0.0001 8 $82 0.00% N/A N/A G3166T103 CC NEUBERGER PRINCIPAL HOLDINGS II COMMON STOCK 17,536 $171,677 0.01% N/A N/A G3166T111 CC NEUBERGER PRINCIPAL HOLDINGS II EQUITY WRT 977 $987 0.00% N/A 07/29/25 BMW5CH7 CC NEUBERGER PRINCIPAL HOLDINGS III UNIT USD 798 $7,900 0.00% N/A N/A 12510Q118 CCC INTELLIGENT SOLUTIONS HOLDINGS INC EQUITY WRT 25,648 $74,636 0.00% N/A 08/14/25 1248EPCP6 CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 865,000 $874,152 0.05% 4.25% 01/15/34 1248EPCK7 CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 715,000 $734,688 0.04% 4.25% 02/01/31 BLHMLN5 CDBL FUNDING 2 MEDIUM TERM NOTE FIXED 1.375% 1,200,000 $1,199,876 0.06% 1.38% 03/04/24 G1988CAA8 CDBL FUNDING 2 MEDIUM TERM NOTE FIXED 3% 300,000 $304,893 0.02% 3.00% 08/01/22 151290889 CEMEX SAB DE CV ADR USD 0 238,389 $1,954,790 0.10% N/A N/A 2488671 CEMEX SAB DE CV ADR USD 0 59,951 $491,598 0.03% N/A N/A 151290BZ5 CEMEX SAB DE CV CALLABLE NOTES FIXED 3.875% 725,000 $746,826 0.04% 3.88% 07/11/31 151290BX0 CEMEX SAB DE CV CALLABLE NOTES FIXED 5.2% 365,000 $400,588 0.02% 5.20% 09/17/30 151290CA9 CEMEX SAB DE CV CALLABLE NOTES VARIABLE USD 1000 200,000 $210,044 0.01% 5.12% 12/31/64 15135BAX9 CENTENE CORP CALLABLE NOTES FIXED 2.5% 01/MAR/2031 475,000 $474,368 0.02% 2.50% 03/01/31 15135BAZ4 CENTENE CORP CALLABLE NOTES FIXED 2.625% 135,000 $137,025 0.01% 2.63% 08/01/31 15135BAW1 CENTENE CORP CALLABLE NOTES FIXED 3% 15/OCT/2030 85,000 $88,206 0.00% 3.00% 10/15/30 152309100 CENTESSA PHARMACEUTICALS PLC ADR USD 0.0001 9,047 $199,486 0.01% N/A N/A G2072Q120 CENTRICUS ACQUISITION CORP EQUITY WRT 08/FEB/2028 7,139 $6,996 0.00% N/A 02/08/28 156431AP3 CENTURY ALUMINUM CO CONVERTIBLE BOND FIXED 2.75% 153,000 $151,088 0.01% 2.75% 05/01/28 K0955A0 CENX PUT USD 13 17/SEP/2021 (CENX US 09/17/21 P13 14 $1,190 0.00% N/A 09/17/21 15677J108 CERIDIAN HCM HOLDING INC COMMON STOCK USD 0.01 18,694 $2,100,271 0.11% N/A N/A 12520R106 CF ACQUISITION CORP V COMMON STOCK USD 0.0001 8,865 $86,877 0.00% N/A N/A 12520R114 CF ACQUISITION CORP V EQUITY WRT 31/DEC/2027 USD 36,161 $36,884 0.00% N/A 12/31/27 BMC9RZ2 CHARGEPOINT HOLDINGS INC COMMON STOCK USD 0.0001 52,448 $1,109,275 0.06% N/A N/A 161175CC6 CHARTER COMMUNICATIONS OPERATING LLC / CHARTER 1,140,000 $1,252,666 0.07% 4.40% 12/01/61 163086101 CHEFS' WAREHOUSE INC/THE COMMON STOCK USD 0.01 882 $26,663 0.00% N/A N/A 163086AC5 CHEFS' WAREHOUSE INC/THE CONVERTIBLE BOND FIXED 28,000 $28,910 0.00% 1.88% 12/01/24 166764100 CHEVRON CORP COMMON STOCK USD 0.75 845 $81,771 0.00% N/A N/A BD3DTW1 CHINA EVERGRANDE GROUP CALLABLE BOND FIXED 8.25% 493,000 $230,478 0.01% 8.25% 03/23/22 BYW5QD5 CHINA EVERGRANDE GROUP CALLABLE BOND FIXED 8.75% 840,000 $306,605 0.02% 8.75% 06/28/25 BKRQ8S4 CHINA EVERGRANDE GROUP CALLABLE NOTES FIXED 11.5% 211,000 $85,983 0.00% 11.50% 01/22/23 BJGQ8Z5 CHINA EVERGRANDE GROUP CALLABLE NOTES FIXED 9.5% 203,000 $90,335 0.00% 9.50% 04/11/22 BN72FL5 CHINA GRAND AUTOMOTIVE SERVICES LTD CALLABLE 333,000 $290,959 0.02% 9.13% 01/30/24 G211A2AB6 CHINA GREAT WALL INTERNATIONAL HOLDINGS IV LTD 200,000 $205,014 0.01% 3.95% 12/31/64 G215APAD2 CHINA HUANENG GROUP HONG KONG TREASURY MANAGEMENT 500,000 $515,845 0.03% 3.08% 12/31/64 12669FV75 CHL MORTGAGE PASS-THROUGH TRUST 2004-HYB4 28,601 $28,721 0.00% 2.55% 09/20/34 126694AF5 CHL MORTGAGE PASS-THROUGH TRUST 2005-19 2005-19 99,226 $89,351 0.00% 5.50% 08/25/35 126694XC7 CHL MORTGAGE PASS-THROUGH TRUST 2006-1 2006-1 A2 2,409,698 $1,798,074 0.09% 6.00% 03/25/36 125431AM8 CHL MORTGAGE PASS-THROUGH TRUST 2006-HYB4 1,613,116 $1,375,479 0.07% 3.66% 06/20/36 KAF9FE2 CHRS PUT USD 12.5 19/NOV/2021 (CHRS US 11/19/21 6 $270 0.00% N/A 11/19/21 17144T107 CHURCHILL CAPITAL CORP V COMMON STOCK USD 0.0001 9,388 $91,439 0.00% N/A N/A 17143W200 CHURCHILL CAPITAL CORP VI UNIT USD 0.0001 1,700 $17,000 0.00% N/A N/A 17144M201 CHURCHILL CAPITAL CORP VII UNIT USD 0.0001 13,875 $136,599 0.01% N/A N/A 204448AA2 CIA DE MINAS BUENAVENTURA SAA CALLABLE NOTES FIXED 200,000 $197,641 0.01% 5.50% 07/23/26 G4445TAR5 CICC HONG KONG FINANCE 2016 MTN LTD MEDIUM TERM 600,000 $605,451 0.03% 1.75% 08/10/23 G4445TAT1 CICC HONG KONG FINANCE 2016 MTN LTD MEDIUM TERM 400,000 $403,036 0.02% 1.63% 01/26/24 BNXFJ94 CIFI HOLDINGS GROUP CO LTD CALLABLE NOTES FIXED 400,000 $396,028 0.02% 4.45% 08/17/26 BL6H6N6 CIFI HOLDINGS GROUP CO LTD CALLABLE NOTES FIXED 300,000 $315,434 0.02% 5.95% 10/20/25 BDCMS77 CIFI HOLDINGS GROUP CO LTD CALLABLE NOTES FIXED 300,000 $303,749 0.02% 5.50% 01/23/22 149CONAA7 CINCINNATI BELL CONTRA 6,411,000 $0 0.00% 8.00% 10/15/25 17243VAB8 CINEMARK HOLDINGS INC CONVERTIBLE BOND FIXED 4.5% 533,000 $809,913 0.04% 4.50% 08/15/25
Page 8 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
17275R102 CISCO SYSTEMS INC/DELAWARE COMMON STOCK USD 0.001 1,385 $81,743 0.00% N/A N/A 023263K2L CITIBANK 3,370,000 $108,650 0.01% N/A 06/20/26 936254K2L CITIBANK 64,890,000 $75,076 0.00% N/A 10/27/26 936256K2L CITIBANK 18,787,238,055 $20,398 0.00% N/A 10/27/26 936258K2L CITIBANK 58,023,025 $18,190 0.00% N/A 10/27/31 023093K2L CITIBANK 206,000 $17,730 0.00% N/A 06/20/26 023146K2L CITIBANK 142,000 $12,221 0.00% N/A 06/20/26 936262K2L CITIBANK 92,084,515 $11,265 0.00% N/A 10/25/23 936263K2L CITIBANK 16,350,145,013 ($129) 0.00% N/A 10/27/23 021207K2L CITIBANK 61,000 ($674) 0.00% N/A 12/20/25 021319K2L CITIBANK 98,000 ($1,084) 0.00% N/A 12/20/25 021455K2L CITIBANK 74,000 ($1,547) 0.00% N/A 12/20/21 936257K2L CITIBANK 25,348,562 ($2,454) 0.00% N/A 10/27/26 019879K2L CITIBANK 66,000 ($2,495) 0.00% N/A 06/20/22 936261K2L CITIBANK 10,365,512,638 ($2,518) 0.00% N/A 10/27/23 936260K2L CITIBANK 76,851,064 ($3,264) 0.00% N/A 07/31/25 936259K2L CITIBANK 71,103,212 ($4,714) 0.00% N/A 10/27/23 021558K2L CITIBANK 245,000 ($5,123) 0.00% N/A 12/20/21 936252K2L CITIBANK 89,395,000 ($12,162) 0.00% N/A 10/15/31 018450K2L CITIBANK 199,000 ($14,909) 0.00% N/A 12/20/24 936264K2L CITIBANK 872,000,000 ($19,781) 0.00% N/A 10/27/31 936253K2L CITIBANK 750,000,000 ($41,902) 0.00% N/A 10/27/31 936241K2L CITIBANK 12,659,541 ($44,461) 0.00% N/A 01/02/23 936214K2L CITIBANK 18,832,075 ($56,291) 0.00% N/A 01/02/23 936240K2L CITIBANK 6,161,824 ($57,551) 0.00% N/A 01/02/25 936196K2L CITIBANK 7,646,065 ($69,737) 0.00% N/A 01/02/25 936272K2L CITIBANK 5,090,000 ($111,198) -0.01% N/A 06/20/26 17318UAH7 CITIGROUP COMMERCIAL MORTGAGE TRUST 2012-GC8 280,000 $281,085 0.01% 5.04% 09/10/45 172967424 CITIGROUP INC 1,069 $76,872 0.00% N/A N/A 172967MX6 CITIGROUP INC CALLABLE NOTES VARIABLE 01/MAY/2025 105,000 $105,502 0.01% 0.98% 05/01/25 17309RAA0 CITIGROUP MORTGAGE LOAN TRUST 2006-AR6 2006-AR6 922,056 $886,028 0.05% 3.05% 08/25/36 18976GAN6 CITIMORTGAGE ALTERNATIVE LOAN TRUST SERIES 2007-A6 836,230 $845,159 0.04% 6.00% 06/25/37 18049C108 CLARIM ACQUISITION CORP COMMON STOCK USD 0.0001 73,007 $708,168 0.04% N/A N/A 18049C116 CLARIM ACQUISITION CORP EQUITY WRT 31/DEC/2027 USD 24,335 $14,358 0.00% N/A 12/31/27 G21810208 CLARIVATE PLC PUBLIC USD 100 2,475 $236,585 0.01% N/A N/A 18274B106 CLASS ACCELERATION CORP COMMON STOCK USD 0.0001 19,526 $189,402 0.01% N/A N/A 18274B114 CLASS ACCELERATION CORP EQUITY WRT 31/MAR/2028 USD 6,000 $3,481 0.00% N/A 03/31/28 18539C204 CLEARWAY ENER-C RG 51,977 $1,631,558 0.09% N/A N/A BGJRH57 CLEARWAY ENER-C RG 17,450 $547,756 0.03% N/A N/A 187171103 CLIMATE REAL IMPACT SOLUTIONS II ACQUISITION CORP 805 $7,784 0.00% N/A N/A 187171111 CLIMATE REAL IMPACT SOLUTIONS II ACQUISITION CORP 161 $150 0.00% N/A 12/31/27 18915MAD9 CLOUDFLARE INC CONVERTIBLE BOND ZERO CPN 137,000 $136,372 0.01% 0.00% 08/15/26 125841106 CM LIFE SCIENCES III INC COMMON STOCK USD 0.0001 19,445 $192,117 0.01% N/A N/A 125841205 CM LIFE SCIENCES III INC UNIT USD 0.0001 12,987 $131,948 0.01% N/A N/A K46D354 CMCSA CALL USD 62.5 15/OCT/2021 (CMCSA US 10/15/21 (7) ($560) 0.00% N/A 10/15/21 BMCG593 CMHI FINANCE BVI CO LTD CALLABLE BOND VARIABLE USD 200,000 $205,780 0.01% 3.50% 12/31/64 BMC43V5 CNAC HK FINBRIDGE CO LTD CALLABLE NOTES VARIABLE 200,000 $204,001 0.01% 3.35% 12/31/64 HD54311 CNK PUT USD 10 21/JAN/2022 (CNK US 01/21/22 P10 93 $3,255 0.00% N/A 01/21/22 191216100 COCA-COLA CO/THE COMMON STOCK USD 0.25 5,506 $310,043 0.02% N/A N/A 19249HAB9 COHERUS BIOSCIENCES INC CONVERTIBLE BOND FIXED 29,000 $31,487 0.00% 1.50% 04/15/26 19260Q107 COINBASE GLOBAL INC COMMON STOCK USD 0.00001 7,744 $2,005,696 0.11% N/A N/A BMDKPH2 COLICITY INC UNIT USD 0.0001 31,227 $306,025 0.02% N/A N/A 194170205 COLICITY INC UNIT USD 0.0001 23,730 $232,554 0.01% N/A N/A 19459JAA2 COLLEGIUM PHARMACEUTICAL INC CONVERTIBLE BOND 316,000 $321,293 0.02% 2.63% 02/15/26 G2284B119 COLONNADE ACQUISITION CORP II EQUITY WRT 13,944 $11,992 0.00% N/A 12/31/27
Page 9 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
20030N101 COMCAST CORP COMMON STOCK USD 0.01 1,414 $85,802 0.00% N/A N/A 126192AG8 COMM 2012-LC4 MORTGAGE TRUST 2012-LC4 C VARIABLE 10,000 $9,163 0.00% 5.74% 12/10/44 203372AV9 COMMSCOPE INC CALLABLE NOTES FIXED 7.125% 640,000 $672,000 0.04% 7.13% 07/01/28 20338HAB9 COMMSCOPE TECHNOLOGIES LLC CALLABLE NOTES FIXED 5% 270,000 $266,238 0.01% 5.00% 03/15/27 BMXS6D9 COMPACT BIDCO BV CALLABLE BOND FIXED 5.75% 164,000 $191,668 0.01% 5.75% 05/01/26 206071110 CONCORD ACQUISITION CORP EQUITY WRT 28/NOV/2025 220 $395 0.00% N/A 11/28/25 20825C104 CONOCOPHILLIPS COMMON STOCK USD 0.01 908 $50,421 0.00% N/A N/A 20846QFQ6 CONSECO FINANCE SECURITIZATIONS CORP 2000-6 A5 772,702 $828,558 0.04% 7.77% 09/01/31 BP90Y14 CONSTELLATION AUTOMOTIVE FINANCING PLC CALLABLE 873,000 $1,199,944 0.06% 4.88% 07/15/27 212015AT8 CONTINENTAL RESOURCES INC/OK CALLABLE NOTES FIXED 245,000 $298,900 0.02% 5.75% 01/15/31 149CONAC3 CONTRA CB144A CB ESCRO 6,330,000 $0 0.00% 8.00% 10/15/25 21240E105 CONTROLADORA VUELA CIA DE AVIACION SAB DE CV ADR 9,049 $179,804 0.01% N/A N/A 163086AA9 CONVERTIBLE BOND FIXED 1.875% 01/DEC/2024 USD 703,000 $730,129 0.04% 1.88% 12/01/24 216648402 COOPER COS INC/THE COMMON STOCK USD 0.1 2,420 $1,090,718 0.06% N/A N/A KA786D6 COP CALL USD 60 15/OCT/2021 (COP US 10/15/21 C60 (3) ($279) 0.00% N/A 10/15/21 21871VAL7 COREVEST AMERICAN FINANCE 2017-1 TRUST 2017-1 D 210,000 $213,213 0.01% 4.36% 10/15/49 G2426E112 CORNER GROWTH ACQUISITION CORP 2 UNIT USD 0.0001 25,053 $251,783 0.01% N/A N/A G2425N105 CORNER GROWTH ACQUISITION CORP COMMON STOCK USD 33,123 $321,293 0.02% N/A N/A G2425N113 CORNER GROWTH ACQUISITION CORP EQUITY WRT 11,041 $9,058 0.00% N/A 12/31/27 B404719 CORNERSTONE ONDEMAND INC COMMON STOCK USD 0.0001 103,264 $5,917,027 0.31% N/A N/A BN6JXR9 CORNWALL JERSEY LTD CONVERTIBLE BOND FIXED 0.75% 300,000 $382,657 0.02% 0.75% 04/16/26 G2540H124 CORSAIR PARTNERING CORP UNIT 5,752 $57,405 0.00% N/A N/A K5A7F52 COST CALL USD 480 15/OCT/2021 (COST US 10/15/21 (1) ($346) 0.00% N/A 10/15/21 22160K105 COSTCO WHOLESALE CORP COMMON STOCK USD 0.005 174 $79,255 0.00% N/A N/A BZ56320 COUNTRY GARDEN HOLDINGS CO LTD CALLABLE BOND FIXED 2,350,000 $2,397,787 0.13% 4.75% 01/17/23 BDZ7S91 COUNTRY GARDEN HOLDINGS CO LTD CALLABLE BOND FIXED 940,000 $953,202 0.05% 4.75% 07/25/22 BD5GP53 COUNTRY GARDEN HOLDINGS CO LTD CALLABLE NOTES 300,000 $306,230 0.02% 7.13% 01/27/22 1266717A8 COUNTRYWIDE ASSET-BACKED CERTIFICATES 2004-SD2 B1 807,345 $840,886 0.04% 4.13% 08/25/32 22266T109 COUPANG INC COMMON STOCK USD 0.0001 37,862 $1,134,346 0.06% N/A N/A 2255778 COVANTA HOLDING CORP COMMON STOCK USD 0.1 244,465 $4,901,523 0.26% N/A N/A 22282E102 COVANTA HOLDING CORP COMMON STOCK USD 0.1 33,539 $672,457 0.04% N/A N/A N054758 CP CALL USD 75 15/OCT/2021 (CP US 10/15/21 C75 15 $1,200 0.00% N/A 10/15/21 M3CE6C9 CP PUT USD 65 17/SEP/2021 (CP US 09/17/21 P65 (20) ($1,580) 0.00% N/A 09/17/21 JB9D171 CP PUT USD 72 17/SEP/2021 (CP US 09/17/21 P72 20 $9,400 0.00% N/A 09/17/21 22411XAC8 CPS AUTO RECEIVABLES TRUST 2018-D 2018-D C 3.83% 44,627 $44,766 0.00% 3.83% 09/15/23 22535FAC8 CREDIT ACCEPTANCE AUTO LOAN TRUST 2018-2 2018-2A C 208,913 $209,249 0.01% 4.16% 09/15/27 021840K2L CREDIT SUISSE GROUP 48,000 ($1,004) 0.00% N/A 12/20/21 021774K2L CREDIT SUISSE GROUP 73,000 ($1,526) 0.00% N/A 12/20/21 53838L118 CRESCENT ACQUISITION CORP EQUITY WRT 07/MAR/2024 27,093 $32,512 0.00% N/A 06/18/26 H17182108 CRISPR THERAPEUTICS AG COMMON STOCK USD 0.03 11,683 $1,459,791 0.08% N/A N/A B29LCJ0 CROWN RESORTS LTD COMMON STOCK AUD 0 214,971 $1,458,090 0.08% N/A N/A 22877P207 CRUCIBLE ACQUISITION CORP UNIT USD 0.0001 172 $1,717 0.00% N/A N/A G2581M107 CRYSTAL PEAK ACQUISITION COMMON STOCK USD 0.0001 9,969 $94,905 0.00% N/A N/A G2581M115 CRYSTAL PEAK ACQUISITION EQUITY WRT 22/JUN/2026 4,014 $1,646 0.00% N/A 06/22/26 126307BD8 CSC HOLDINGS LLC CALLABLE NOTES FIXED 4.625% 200,000 $197,000 0.01% 4.63% 12/01/30 22541QL75 CSFB MORTGAGE-BACKED PASS-THROUGH CERTIFICATES 10,484 $11,217 0.00% 5.75% 11/25/33 126349AF6 CSG SYSTEMS INTERNATIONAL INC CALL/PUT CONVERTIBLE 2,910,000 $3,015,633 0.16% 4.25% 03/15/36 12649AAC3 CSMC 2014-USA OA LLC 2014-USA A2 3.953% 270,000 $291,631 0.02% 3.95% 09/15/37 12649AAN9 CSMC 2014-USA OA LLC 2014-USA D 4.3733% 280,000 $267,809 0.01% 4.37% 09/15/37 12649AAQ2 CSMC 2014-USA OA LLC 2014-USA E 4.3733% 505,000 $459,646 0.02% 4.37% 09/15/37 12647CAJ6 CSMC TRUST 2013-5R 2013-5R 1A5 FLOATING 1,165,470 $1,034,289 0.05% 0.61% 02/27/36 231021106 CUMMINS INC COMMON STOCK USD 2.5 323 $76,222 0.00% N/A N/A 232109AA6 CUTERA INC CONVERTIBLE BOND FIXED 2.25% 672,000 $1,115,973 0.06% 2.25% 03/15/26 126650100 CVS HEALTH CORP COMMON STOCK USD 0.01 43,875 $3,790,361 0.20% N/A N/A 23283M101 CYTODYN INC COMMON STOCK USD 0 4,557 $6,289 0.00% N/A N/A
Page 10 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
235851102 DANAHER CORP COMMON STOCK USD 0.01 35,750 $11,588,720 0.61% N/A N/A BMQ5W17 DAVIDE CAMPARI-MILANO NV COMMON STOCK EUR 0.01 373,700 $5,168,281 0.27% N/A N/A GXU1IDX DAX INDEX FUTURE EQUITY INDEX 17/SEP/2021 GXU1 21 $61,686 0.00% N/A 09/17/21 23305JAJ1 DBUBS 2017-BRBK MORTGAGE TRUST 2017-BRBK D 190,000 $197,487 0.01% 3.65% 10/10/34 N083496 DE CALL USD 390 15/OCT/2021 (DE US 10/15/21 C390 (1) ($710) 0.00% N/A 10/15/21 242794105 DECARBONIZATION PLUS ACQUISITION CORP II COMMON 11,690 $115,263 0.01% N/A N/A 242794113 DECARBONIZATION PLUS ACQUISITION CORP II EQUITY 1,591 $1,798 0.00% N/A 10/02/25 24279D113 DECARBONIZATION PLUS ACQUISITION CORP III EQUITY 38,323 $54,035 0.00% N/A 02/12/23 244199105 DEERE & CO COMMON STOCK USD 1 8,972 $3,391,685 0.18% N/A N/A BNC5T39 DELIVEROO PLC COMMON STOCK GBP 0.5 208,824 $1,001,505 0.05% N/A N/A BMW0B08 DELIVERY HERO SE CONVERTIBLE BOND FIXED 1.5% 1,400,000 $1,806,370 0.09% 1.50% 01/15/28 24823R105 DENALI THERAPEUTICS INC COMMON STOCK USD 0.01 6,601 $351,173 0.02% N/A N/A BMZ1NT1 DEUCE FINCO PLC CALLABLE BOND VARIABLE 15/JUN/2027 139,000 $163,858 0.01% 4.75% 06/15/27 Q4988FAA8DEU DEUTSCHE BANK 939,000 $1,825,648 0.10% N/A N/A USDFDEU DEUTSCHE BANK 1,375,771 $1,375,771 0.07% N/A N/A Q68158AC6DEU DEUTSCHE BANK 1,349,000 $1,373,124 0.07% N/A N/A Q92554AK8DEU DEUTSCHE BANK 3,228,000 $854,037 0.04% N/A N/A Q58075AC9DEU DEUTSCHE BANK 2,252,000 $787,384 0.04% N/A N/A Q49164BJ4DEU DEUTSCHE BANK 1,367,000 $482,973 0.03% N/A N/A Q9612WAC6DEUDEUTSCHE BANK 1,681,000 $420,350 0.02% N/A N/A Q2703MAD5DEU DEUTSCHE BANK 2,392,000 $414,418 0.02% N/A N/A Q03343AB9DEU DEUTSCHE BANK 2,154,000 $390,870 0.02% N/A N/A Q92554AM4DEU DEUTSCHE BANK 1,063,000 $351,035 0.02% N/A N/A BDH65C8EBDEUDEUTSCHE BANK (32,486) $341,570 0.02% N/A N/A 2564827EBDEU DEUTSCHE BANK (78,747) $340,197 0.02% N/A N/A Q01617AD7DEU DEUTSCHE BANK 1,393,000 $321,222 0.02% N/A N/A Q8265TAA7DEU DEUTSCHE BANK 2,383,000 $305,384 0.02% N/A N/A Q31229AF9DEU DEUTSCHE BANK 1,448,000 $294,435 0.02% N/A N/A BD9G9B3EBDEUDEUTSCHE BANK (36,219) $262,482 0.01% N/A N/A Q82143AG7DEU DEUTSCHE BANK 974,000 $255,250 0.01% N/A N/A Q2214XAB2DEU DEUTSCHE BANK 890,000 $255,048 0.01% N/A N/A Q5351XAB7DEU DEUTSCHE BANK 2,100,000 $235,039 0.01% N/A N/A B59DK93EBDEU DEUTSCHE BANK (43,345) $217,611 0.01% N/A N/A Q9354NAB2DEU DEUTSCHE BANK 1,712,000 $206,724 0.01% N/A N/A Q3940TAB5DEU DEUTSCHE BANK 2,050,000 $204,889 0.01% N/A N/A BKT6B38EBDEU DEUTSCHE BANK (79,188) $203,178 0.01% N/A N/A BMTD360EBDEUDEUTSCHE BANK (10,990) $182,633 0.01% N/A N/A BKKDH30EBDEUDEUTSCHE BANK (4,382) $173,345 0.01% N/A N/A Q0202MAA0DEU DEUTSCHE BANK 739,000 $170,931 0.01% N/A N/A BYTJZL1EBDEU DEUTSCHE BANK (37,318) $170,861 0.01% N/A N/A BG3FZW0EBDEUDEUTSCHE BANK (36,092) $162,955 0.01% N/A N/A Q7243VAB8DEU DEUTSCHE BANK 729,000 $129,978 0.01% N/A N/A Q0922RAB1DEU DEUTSCHE BANK 959,000 $116,202 0.01% N/A N/A Q30307AC1DEU DEUTSCHE BANK 2,490,000 $111,673 0.01% N/A N/A Q32109AA6DEU DEUTSCHE BANK 471,000 $101,812 0.01% N/A N/A BJ1FDK7EBDEU DEUTSCHE BANK (5,084) $99,964 0.01% N/A N/A Q6333XAH1DEU DEUTSCHE BANK 591,000 $91,967 0.00% N/A N/A BJ0CK86EBDEU DEUTSCHE BANK (60,020) $87,144 0.00% N/A N/A Q83548AF0DEU DEUTSCHE BANK 1,735,000 $86,285 0.00% N/A N/A BFRTDG1EBDEUDEUTSCHE BANK (25,658) $85,016 0.00% N/A N/A BMFZYY5EBDEUDEUTSCHE BANK (12,683) $83,035 0.00% N/A N/A 2037062EBDEU DEUTSCHE BANK (247,388) $81,660 0.00% N/A N/A BYQBFS7EBDEUDEUTSCHE BANK (8,062) $81,095 0.00% N/A N/A BNKD957EBDEUDEUTSCHE BANK (45,500) $76,956 0.00% N/A N/A BD8ZZ24EBDEU DEUTSCHE BANK (62,843) $74,638 0.00% N/A N/A
Page 11 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
Q5845PAD0DEU DEUTSCHE BANK 1,200,000 $71,955 0.00% N/A N/A BQXZP64EBDEUDEUTSCHE BANK (2,281) $69,756 0.00% N/A N/A 2754907EBDEU DEUTSCHE BANK (17,592) $68,293 0.00% N/A N/A B63RTD5EBDEU DEUTSCHE BANK (37,039) $68,175 0.00% N/A N/A 2387109EBDEU DEUTSCHE BANK (36,561) $66,511 0.00% N/A N/A BX7RSN3EBDEUDEUTSCHE BANK (30,280) $65,336 0.00% N/A N/A BJN4N02EBDEU DEUTSCHE BANK (13,866) $64,030 0.00% N/A N/A B4XBDV9EBDEUDEUTSCHE BANK (44,212) $62,839 0.00% N/A N/A Q6745KAE4DEU DEUTSCHE BANK 425,000 $62,383 0.00% N/A N/A BFZX9H8EBDEU DEUTSCHE BANK (20,401) $61,881 0.00% N/A N/A BGLDK10EBDEUDEUTSCHE BANK (223,810) $61,108 0.00% N/A N/A BYTN3W0EBDEUDEUTSCHE BANK (11,997) $59,456 0.00% N/A N/A 014CVR0EBDEU DEUTSCHE BANK 62,599 $55,087 0.00% N/A N/A Q5369GAA6DEU DEUTSCHE BANK 513,000 $54,613 0.00% N/A N/A Q38034AU3DEU DEUTSCHE BANK 1,221,000 $54,542 0.00% N/A N/A Q5337YAA6DEU DEUTSCHE BANK 1,991,000 $53,041 0.00% N/A N/A BMTLT88EBDEU DEUTSCHE BANK (102,152) $52,250 0.00% N/A N/A Q6400PAP7DEU DEUTSCHE BANK 423,000 $48,856 0.00% N/A N/A Q80153BE1DEU DEUTSCHE BANK 1,998,000 $48,389 0.00% N/A N/A CADFDEU DEUTSCHE BANK 60,540 $47,985 0.00% N/A N/A Q57669AB5DEU DEUTSCHE BANK 735,000 $47,639 0.00% N/A N/A 2673154EBDEU DEUTSCHE BANK (16,330) $47,583 0.00% N/A N/A BJN4MY9EBDEUDEUTSCHE BANK (9,179) $47,509 0.00% N/A N/A BLPNRR6EBDEUDEUTSCHE BANK (21,077) $43,724 0.00% N/A N/A BPF0548ECDEU DEUTSCHE BANK (24,653) $43,606 0.00% N/A N/A Q7874RAA8DEU DEUTSCHE BANK 358,000 $42,731 0.00% N/A N/A BD832H2EBDEU DEUTSCHE BANK (59,834) $41,576 0.00% N/A N/A B3V8JL7EBDEU DEUTSCHE BANK (56,754) $38,251 0.00% N/A N/A Q31229AJ1DEU DEUTSCHE BANK 2,727,000 $37,917 0.00% N/A N/A BYVLXJ9EBDEU DEUTSCHE BANK (48,840) $36,813 0.00% N/A N/A Q5470MAB5DEU DEUTSCHE BANK 1,478,000 $33,614 0.00% N/A N/A Q61330AB5DEU DEUTSCHE BANK 804,000 $32,744 0.00% N/A N/A B8RC747EBDEU DEUTSCHE BANK (99,860) $32,473 0.00% N/A N/A 2186254EBDEU DEUTSCHE BANK (26,456) $31,478 0.00% N/A N/A EURFDEU DEUTSCHE BANK 26,060 $30,770 0.00% N/A N/A Q06710AB7DEU DEUTSCHE BANK 276,000 $29,371 0.00% N/A N/A B00GJC2EBDEU DEUTSCHE BANK (13,325) $27,685 0.00% N/A N/A Q53368AA9DEU DEUTSCHE BANK 601,000 $27,248 0.00% N/A N/A 2387530EBDEU DEUTSCHE BANK (20,009) $25,208 0.00% N/A N/A B3M7R64EBDEUDEUTSCHE BANK (92,676) $23,427 0.00% N/A N/A Q1680MAA5DEU DEUTSCHE BANK 322,000 $21,861 0.00% N/A N/A BJ36RM8EBDEU DEUTSCHE BANK (8,320) $21,375 0.00% N/A N/A B45K9N8EBDEU DEUTSCHE BANK (6,262) $19,548 0.00% N/A N/A B1W7RQ0EBDEUDEUTSCHE BANK (73,745) $17,265 0.00% N/A N/A Q0771VAB4DEU DEUTSCHE BANK 876,000 $16,911 0.00% N/A N/A B1YWQK0EBDEUDEUTSCHE BANK (7,540) $15,169 0.00% N/A N/A BV8TD84EBDEUDEUTSCHE BANK (827) $14,712 0.00% N/A N/A Q30715AG6DEU DEUTSCHE BANK 661,000 $14,610 0.00% N/A N/A Q8283NAA4DEU DEUTSCHE BANK 267,000 $13,296 0.00% N/A N/A Q31229AG7DEU DEUTSCHE BANK 2,503,000 $12,301 0.00% N/A N/A Q4624MAB8DEU DEUTSCHE BANK 100,000 $12,137 0.00% N/A N/A BYQ7HZ6EBDEUDEUTSCHE BANK (3,330) $11,519 0.00% N/A N/A Q70704AJ4DEU DEUTSCHE BANK 662,000 $11,123 0.00% N/A N/A 2724472EBDEU DEUTSCHE BANK (6,187) $10,659 0.00% N/A N/A Q83379AA1DEU DEUTSCHE BANK 182,000 $10,583 0.00% N/A N/A
Page 12 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
BJXLKK2EBDEU DEUTSCHE BANK (14,679) $10,021 0.00% N/A N/A Q3220KAF5DEU DEUTSCHE BANK 1,911,000 $9,676 0.00% N/A N/A 6303866ECDEU DEUTSCHE BANK (6,400) $8,947 0.00% N/A N/A BYN87K7EBDEU DEUTSCHE BANK (17,508) $8,940 0.00% N/A N/A Q2081GAA0DEU DEUTSCHE BANK 665,000 $7,715 0.00% N/A N/A BYQBFT8EBDEUDEUTSCHE BANK (12,374) $6,910 0.00% N/A N/A Q0932AAE3DEU DEUTSCHE BANK 363,000 $6,575 0.00% N/A N/A Q7164YAC1DEU DEUTSCHE BANK 1,034,000 $6,357 0.00% N/A N/A 2483223EBDEU DEUTSCHE BANK (1,759) $6,077 0.00% N/A N/A B5T0CW1EBDEUDEUTSCHE BANK (27,257) $6,033 0.00% N/A N/A Q6142RAA2DEU DEUTSCHE BANK 375,000 $5,272 0.00% N/A N/A Q2914VAD8DEU DEUTSCHE BANK 1,305,000 $5,085 0.00% N/A N/A Q5571BAH8DEU DEUTSCHE BANK 553,000 $4,701 0.00% N/A N/A Q8251KAB6DEU DEUTSCHE BANK 658,000 $4,691 0.00% N/A N/A Q8273UAA0DEU DEUTSCHE BANK 174,000 $4,474 0.00% N/A N/A BYNNSR6EBDEUDEUTSCHE BANK (17,519) $3,985 0.00% N/A N/A BJFSR99EBDEU DEUTSCHE BANK (38,841) $2,969 0.00% N/A N/A Q9061GAK7DEU DEUTSCHE BANK 356,000 $2,817 0.00% N/A N/A BYWMQJ2EBDEUDEUTSCHE BANK (1,306) $2,567 0.00% N/A N/A Q30307AA5DEU DEUTSCHE BANK 27,000 $2,482 0.00% N/A N/A Q5953DAA2DEU DEUTSCHE BANK 107,000 $2,409 0.00% N/A N/A BFZ1K46EBDEU DEUTSCHE BANK (274) $1,873 0.00% N/A N/A B3ZG8F4EBDEU DEUTSCHE BANK (6,149) $1,351 0.00% N/A N/A Q31229AK8DEU DEUTSCHE BANK 54,000 $1,338 0.00% N/A N/A Q8269GAB3DEU DEUTSCHE BANK 527,000 $834 0.00% N/A N/A Q5606DAN1DEU DEUTSCHE BANK 133,000 $592 0.00% N/A N/A Q38923AP3DEU DEUTSCHE BANK 67,000 $173 0.00% N/A N/A Q93657AL5DEU DEUTSCHE BANK 50,000 $18 0.00% N/A N/A Q28298AP3DEU DEUTSCHE BANK 44,000 $15 0.00% N/A N/A Q48577AB8DEU DEUTSCHE BANK 549,000 $15 0.00% N/A N/A CASHDEU DEUTSCHE BANK 1 $1 0.00% N/A N/A CADFINDEU DEUTSCHE BANK 1 ($49) 0.00% N/A N/A AUDFINDEU DEUTSCHE BANK 0 ($220) 0.00% N/A N/A BGRFWV4EBDEUDEUTSCHE BANK (13,224) ($309) 0.00% N/A N/A BKMG1N5EBDEUDEUTSCHE BANK (11,259) ($350) 0.00% N/A N/A 2111579EBDEU DEUTSCHE BANK (7,100) ($639) 0.00% N/A N/A BLF0L75EBDEU DEUTSCHE BANK (780) ($678) 0.00% N/A N/A B3PQ520EBDEU DEUTSCHE BANK (9,667) ($873) 0.00% N/A N/A BF0YMC2EBDEUDEUTSCHE BANK (9,666) ($1,584) 0.00% N/A N/A 2303581EBDEU DEUTSCHE BANK (16,172) ($1,941) 0.00% N/A N/A Q2452TAA5DEU DEUTSCHE BANK 719,000 ($1,993) 0.00% N/A N/A B4JTYX6EBDEU DEUTSCHE BANK (14,341) ($2,124) 0.00% N/A N/A EURFINDEU DEUTSCHE BANK 1 ($2,434) 0.00% N/A N/A 2930149EBDEU DEUTSCHE BANK (11,491) ($2,756) 0.00% N/A N/A Q4921RAA8DEU DEUTSCHE BANK 52,000 ($3,172) 0.00% N/A N/A Q1282CCB5DEU DEUTSCHE BANK (1,500,000) ($3,992) 0.00% N/A N/A Q2914VAC0DEU DEUTSCHE BANK 550,000 ($4,529) 0.00% N/A N/A Q49164BH8DEU DEUTSCHE BANK 474,000 ($5,163) 0.00% N/A N/A BYT3MK1EBDEUDEUTSCHE BANK (1,260) ($5,504) 0.00% N/A N/A Q94972AD3DEU DEUTSCHE BANK 295,000 ($5,742) 0.00% N/A N/A Q3762UAB1DEU DEUTSCHE BANK 499,000 ($5,960) 0.00% N/A N/A BZCNB42EBDEUDEUTSCHE BANK (5,960) ($7,045) 0.00% N/A N/A BYZ62T3EBDEU DEUTSCHE BANK (4,748) ($7,506) 0.00% N/A N/A Q4346YAH6DEU DEUTSCHE BANK 566,000 ($7,899) 0.00% N/A N/A Q56431AP3DEU DEUTSCHE BANK 445,000 ($8,736) 0.00% N/A N/A
Page 13 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
Q0187BAB7DEU DEUTSCHE BANK 296,000 ($9,174) 0.00% N/A N/A 2501578EBDEU DEUTSCHE BANK (1,351) ($10,131) 0.00% N/A N/A Q1688FAA2DEU DEUTSCHE BANK 1,299,000 ($10,151) 0.00% N/A N/A Q2918VAA7DEU DEUTSCHE BANK 357,000 ($10,800) 0.00% N/A N/A 2326287EBDEU DEUTSCHE BANK (69,000) ($10,806) 0.00% N/A N/A BF2G4D1EBDEUDEUTSCHE BANK (18,359) ($12,579) 0.00% N/A N/A AUDFDEU DEUTSCHE BANK (17,904) ($13,098) 0.00% N/A N/A Q8862EAA7DEU DEUTSCHE BANK 269,000 ($14,478) 0.00% N/A N/A BD72R64EBDEU DEUTSCHE BANK (5,627) ($14,481) 0.00% N/A N/A 2553814EBDEU DEUTSCHE BANK (1,743) ($14,662) 0.00% N/A N/A BMW4TN9EBDEUDEUTSCHE BANK (19,810) ($14,721) 0.00% N/A N/A Q0509VAA8DEU DEUTSCHE BANK 233,000 ($15,366) 0.00% N/A N/A Q2603BAD9DEU DEUTSCHE BANK 1,263,000 ($16,007) 0.00% N/A N/A 2210885EBDEU DEUTSCHE BANK (9,361) ($16,022) 0.00% N/A N/A BMC1PR6EBDEUDEUTSCHE BANK (27,003) ($16,178) 0.00% N/A N/A B0539H3EBDEU DEUTSCHE BANK (18,863) ($18,468) 0.00% N/A N/A BLCB9D3EBDEUDEUTSCHE BANK (5,734) ($18,477) 0.00% N/A N/A Q4419LAM3DEU DEUTSCHE BANK 353,000 ($18,675) 0.00% N/A N/A Q1188VAA8DEU DEUTSCHE BANK 774,000 ($19,508) 0.00% N/A N/A BMYML02EBDEUDEUTSCHE BANK (9,853) ($21,177) 0.00% N/A N/A 2437071EBDEU DEUTSCHE BANK (4,845) ($22,874) 0.00% N/A N/A BD60BG7EBDEUDEUTSCHE BANK (43,310) ($25,065) 0.00% N/A N/A Q63086AB7DEU DEUTSCHE BANK 2,279,000 ($25,500) 0.00% N/A N/A B1XH822EBDEU DEUTSCHE BANK (16,536) ($27,068) 0.00% N/A N/A 2730877EBDEU DEUTSCHE BANK (25,829) ($27,228) 0.00% N/A N/A B00N2S0EBDEU DEUTSCHE BANK (88,187) ($28,473) 0.00% N/A N/A BF5L8B9EBDEU DEUTSCHE BANK (3,177) ($28,890) 0.00% N/A N/A Q70704AL9DEU DEUTSCHE BANK 2,611,000 ($29,580) 0.00% N/A N/A BN15Y35EBDEU DEUTSCHE BANK (30,256) ($29,934) 0.00% N/A N/A Q9249HAB9DEU DEUTSCHE BANK 1,445,000 ($30,181) 0.00% N/A N/A Q1639TAB2DEU DEUTSCHE BANK 915,000 ($32,354) 0.00% N/A N/A B3MZ6K5EBDEUDEUTSCHE BANK (49,759) ($34,236) 0.00% N/A N/A Q8978LAA3DEU DEUTSCHE BANK 359,000 ($36,031) 0.00% N/A N/A Q3835LAB1DEU DEUTSCHE BANK 497,000 ($40,134) 0.00% N/A N/A BDTZ028EBDEU DEUTSCHE BANK (83,393) ($43,770) 0.00% N/A N/A Q2330PAK3DEU DEUTSCHE BANK 204,000 ($44,341) 0.00% N/A N/A BL53QN5EBDEUDEUTSCHE BANK (2,025) ($46,803) 0.00% N/A N/A 2938002EBDEU DEUTSCHE BANK (20,145) ($47,433) 0.00% N/A N/A Q3192HAA4DEU DEUTSCHE BANK 582,000 ($49,026) 0.00% N/A N/A B424494EBDEU DEUTSCHE BANK (3,231) ($49,443) 0.00% N/A N/A B0T7YX2EBDEU DEUTSCHE BANK (14,065) ($50,710) 0.00% N/A N/A Q5955DAA8DEU DEUTSCHE BANK 743,000 ($52,826) 0.00% N/A N/A BSHZ3P9EBDEUDEUTSCHE BANK (23,394) ($56,309) 0.00% N/A N/A BDDXF67EBDEUDEUTSCHE BANK (54,230) ($56,349) 0.00% N/A N/A BLD5321EBDEU DEUTSCHE BANK (16,893) ($59,222) 0.00% N/A N/A Q4933TAB2DEU DEUTSCHE BANK 1,315,000 ($61,838) 0.00% N/A N/A Q48637AF1DEU DEUTSCHE BANK 1,696,000 ($62,683) 0.00% N/A N/A B7N59F8EBDEU DEUTSCHE BANK (43,200) ($63,342) 0.00% N/A N/A Q9459JAA2DEU DEUTSCHE BANK 1,009,000 ($63,991) 0.00% N/A N/A BMXHCD8EBDEUDEUTSCHE BANK (25,756) ($67,708) 0.00% N/A N/A Q8341PAA0DEU DEUTSCHE BANK 710,000 ($68,489) 0.00% N/A N/A BD8QGF7EBDEUDEUTSCHE BANK (22,083) ($70,391) 0.00% N/A N/A Q66330AA4DEU DEUTSCHE BANK 992,000 ($70,617) 0.00% N/A N/A Q2156BAD5DEU DEUTSCHE BANK 835,000 ($72,198) 0.00% N/A N/A 2614487EBDEU DEUTSCHE BANK (40,976) ($82,513) 0.00% N/A N/A
Page 14 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
BRK0149EBDEU DEUTSCHE BANK (54,933) ($83,793) 0.00% N/A N/A Q73379AA9DEU DEUTSCHE BANK 1,052,000 ($85,091) 0.00% N/A N/A BFMZ4W7EBDEUDEUTSCHE BANK (46,798) ($89,223) 0.00% N/A N/A 2974329EBDEU DEUTSCHE BANK (821) ($100,060) -0.01% N/A N/A USDFINDEU DEUTSCHE BANK 1 ($105,907) -0.01% N/A N/A Q0202LAA0DEU DEUTSCHE BANK 1,197,000 ($112,134) -0.01% N/A N/A B4NB858EBDEU DEUTSCHE BANK (69,958) ($132,506) -0.01% N/A N/A Q99473AE7DEU DEUTSCHE BANK 750,000 ($134,224) -0.01% N/A N/A BD73C40EADEU DEUTSCHE BANK (126,858) ($136,355) -0.01% N/A N/A Q66082AA8DEU DEUTSCHE BANK 1,696,000 ($139,528) -0.01% N/A N/A BD0R7M2EBDEUDEUTSCHE BANK (124,289) ($178,659) -0.01% N/A N/A BD8QGD5EBDEUDEUTSCHE BANK (34,885) ($191,507) -0.01% N/A N/A BF081J4EBDEU DEUTSCHE BANK (256,309) ($199,302) -0.01% N/A N/A BL96T19EBDEU DEUTSCHE BANK (73,197) ($205,503) -0.01% N/A N/A B01Z8P4EBDEU DEUTSCHE BANK (43,325) ($210,273) -0.01% N/A N/A B4NP281EBDEU DEUTSCHE BANK (168,451) ($212,950) -0.01% N/A N/A 2597072EBDEU DEUTSCHE BANK (53,146) ($231,206) -0.01% N/A N/A BJ9N563EBDEU DEUTSCHE BANK (37,337) ($231,335) -0.01% N/A N/A BZ6VT82EBDEU DEUTSCHE BANK (3,136) ($266,354) -0.01% N/A N/A Q53204AA7DEU DEUTSCHE BANK 838,000 ($271,742) -0.01% N/A N/A DEU DEUTSCHE BANK 0 ($272,134) -0.01% N/A N/A BZ22CY6EBDEU DEUTSCHE BANK (8,818) ($280,659) -0.01% N/A N/A Q67652AL3DEU DEUTSCHE BANK 1,496,000 ($320,247) -0.02% N/A N/A 2839741EBDEU DEUTSCHE BANK (30,118) ($323,984) -0.02% N/A N/A BYYGJZ9EBDEUDEUTSCHE BANK (22,023) ($457,158) -0.02% N/A N/A BDQYWV1EBDEUDEUTSCHE BANK (75,335) ($777,718) -0.04% N/A N/A 2443078EBDEU DEUTSCHE BANK (74,344) ($779,389) -0.04% N/A N/A BD0NN55EBDEUDEUTSCHE BANK (14,075) ($868,190) -0.05% N/A N/A BRJZSK0EBDEU DEUTSCHE BANK (116,498) ($1,171,568) -0.06% N/A N/A 251526CG2 DEUTSCHE BANK AG/NEW YORK NY CALLABLE BOND 485,000 $488,555 0.03% 1.45% 04/01/25 251526CF4 DEUTSCHE BANK AG/NEW YORK NY CALLABLE NOTES 285,000 $294,290 0.02% 3.73% 01/14/32 251526CK3 DEUTSCHE BANK AG/NEW YORK NY CALLABLE NOTES 150,000 $154,840 0.01% 3.04% 05/28/32 251526CJ6 DEUTSCHE BANK AG/NEW YORK NY NOTES FIXED 0.898% 215,000 $215,153 0.01% 0.90% 05/28/24 B0YZ0Z5 DEUTSCHE WOHNEN SE COMMON STOCK EUR 0 24 $1,490 0.00% N/A N/A BYXQ303 DEUTSCHE WOHNEN SE CONVERTIBLE BOND FIXED 0.325% 2,613,000 $4,104,914 0.22% 0.33% 07/26/24 252131107 DEXCOM INC COMMON STOCK USD 0.001 7,089 $3,753,058 0.20% N/A N/A G2758T109 DHC ACQUISITION CORP COMMON STOCK USD 0.0001 9,240 $89,074 0.00% N/A N/A G2758T117 DHC ACQUISITION CORP EQUITY WRT 31/DEC/2027 USD 3,080 $2,094 0.00% N/A 12/31/27 5982200 DIALOG SEMICONDUCTOR PLC COMMON STOCK 0.1 14,945 $1,191,126 0.06% N/A N/A 25272XAC9 DIAMOND RESORTS OWNER TRUST 2017-1A C 6.07% 21,450 $21,792 0.00% 6.07% 10/22/29 252724AC3 DIAMOND RESORTS OWNER TRUST 2018-1 2018-1 C 4.53% 97,636 $100,522 0.01% 4.53% 01/21/31 25277LAC0 DIAMOND SPORTS GROUP LLC / DIAMOND SPORTS FINANCE 948,000 $408,825 0.02% 6.63% 08/15/27 BN6JKJ0 DIGITAL TRANSFORMATION OPPORTUNITIES CORP UNIT USD 56,919 $557,237 0.03% N/A N/A 25461LAA0 DIRECTV HOLDINGS LLC / DIRECTV FINANCING CO INC 80,000 $83,732 0.00% 5.88% 08/15/27 25470XBC8 DISH DBS CORP CALLABLE NOTES FIXED 5.125% 170,000 $169,363 0.01% 5.13% 06/01/29 25470MAB5 DISH NETWORK CORP CONVERTIBLE BOND FIXED 3.375% 1,811,000 $1,893,589 0.10% 3.38% 08/15/26 25470MAE9 DISH NETWORK CORP CONVERTIBLE BOND ZERO CPN 115,000 $137,978 0.01% 0.00% 12/15/25 G2770Y110 DISRUPTIVE ACQUISITION CORP I UNIT USD 0.0001 10,088 $99,972 0.01% N/A N/A DMU1IDX DJIA MINI E-CBOT EQUITY INDEX 17/SEP/2021 DMU1 33 $173,344 0.01% N/A 09/17/21 MBB4681 DKNG PUT USD 45 17/SEP/2021 (DKNG US 09/17/21 P45 22 $198 0.00% N/A 09/17/21 233278100 DMY TECHNOLOGY GROUP INC III COMMON STOCK USD 18,907 $188,881 0.01% N/A N/A 233278118 DMY TECHNOLOGY GROUP INC III EQUITY WRT 70,524 $147,395 0.01% N/A 01/31/26 23344K102 DMY TECHNOLOGY GROUP INC IV COMMON STOCK USD 62,533 $619,702 0.03% N/A N/A 23344K110 DMY TECHNOLOGY GROUP INC IV EQUITY WRT 31/DEC/2027 31,950 $44,730 0.00% N/A 12/31/27 23344K201 DMY TECHNOLOGY GROUP INC IV UNIT USD 0.0001 4 $40 0.00% N/A N/A
Page 15 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
K98992A DMYI CALL USD 12.5 15/OCT/2021 (DMYI US 10/15/21 (47) ($1,410) 0.00% N/A 10/15/21 25755TAH3 DOMINO'S PIZZA MASTER ISSUER LLC 2017-1A A23 496,975 $537,719 0.03% 4.12% 07/25/47 25755TAK6 DOMINO'S PIZZA MASTER ISSUER LLC 2018-1A A2II 155,600 $169,311 0.01% 4.33% 07/25/48 BKVC8K0 DOUGLAS GMBH/OLD CALLABLE NOTES FIXED 6% 2,156,000 $2,578,371 0.14% 6.00% 04/08/26 26142RAA2 DRAFTKINGS INC CONVERTIBLE BOND ZERO CPN 1,199,000 $1,154,573 0.06% 0.00% 03/15/28 G28314105 DRAGONEER GROWTH OPPORTUNITIES CORP II COMMON 2,106 $20,849 0.00% N/A N/A G28315102 DRAGONEER GROWTH OPPORTUNITIES CORP III COMMON 29,567 $289,461 0.02% N/A N/A BYQN5N8 DRYDEN 51 EURO CLO 2017 BV 2017-51X D FLOATING 1,500,000 $1,776,787 0.09% 3.05% 07/15/31 23332UFF6 DSLA MORTGAGE LOAN TRUST 2005-AR5 2005-AR5 2A1A 26,504 $20,142 0.00% 0.75% 09/19/45 BMV3KK1 DUA CAPITAL LTD CALLABLE BOND FIXED 2.78% 300,000 $303,005 0.02% 2.78% 05/11/31 26441C204 DUKE ENERGY CORP COMMON STOCK USD 0.001 2,650 $277,349 0.01% N/A N/A BD30847 DUKINFIELD II PLC 2 A FLOATING 20/DEC/2052 147,302 $202,717 0.01% 1.33% 12/20/52 MBBCED0 DVAX PUT USD 12 17/SEP/2021 (DVAX US 09/17/21 P12 14 $84 0.00% N/A 09/17/21 BKSJN76 DYE & DURHAM LTD CONVERTIBLE BOND FIXED 3.75% 1,024,000 $827,361 0.04% 3.75% 03/01/26 268150109 DYNATRACE INC COMMON STOCK USD 0.001 29,627 $2,036,264 0.11% N/A N/A 268158AC6 DYNAVAX TECHNOLOGIES CORP CONVERTIBLE BOND FIXED 18,000 $36,559 0.00% 2.50% 05/15/26 26873Y104 E.MERGE TECHNOLOGY ACQUISITION CORP COMMON STOCK 9,485 $92,668 0.00% N/A N/A BD96C36 EASY TACTIC LTD CALLABLE BOND FIXED 5.875% 200,000 $149,000 0.01% 5.88% 02/13/23 278642103 EBAY INC COMMON STOCK USD 0.001 35,597 $2,731,714 0.14% N/A N/A 2293819 EBAY INC COMMON STOCK USD 0.001 17,000 $1,304,580 0.07% N/A N/A 26829T118 ECP ENVIRONMENTAL GROWTH OPPORTUNITIES CORP EQUITY 683 $594 0.00% N/A 02/11/28 26829T209 ECP ENVIRONMENTAL GROWTH OPPORTUNITIES CORP UNIT 8,164 $81,722 0.00% N/A N/A BMD96V0 ECP ENVIRONMENTAL GROWTH OPPORTUNITIES CORP UNIT 7,913 $79,209 0.00% N/A N/A 281020AS6 EDISON INTERNATIONAL CALLABLE BOND VARIABLE USD 802,000 $819,043 0.04% 5.38% 12/31/64 2829515 EDISON INTERNATIONAL COMMON STOCK USD 0 41,672 $2,410,308 0.13% N/A N/A BNKLL99 EG GLOBAL FINANCE PLC CALLABLE BOND FIXED 6.25% 1,488,000 $2,048,334 0.11% 6.25% 03/30/26 BKBY4K8 EG GLOBAL FINANCE PLC CALLABLE NOTES FIXED 6.25% 256,000 $311,558 0.02% 6.25% 10/30/25 5G3661B EGYTB 0 09/23/21 CLN GS REGS 56,400,000 $3,576,649 0.19% 0.00% 09/23/21 283678209 EL PASO ENERGY CAPITAL TRUST I PUBLIC USD 50 219 $11,005 0.00% N/A N/A 532457108 ELI LILLY & CO COMMON STOCK USD 0 21,590 $5,576,481 0.29% N/A N/A G30092129 ELLIOTT OPPORTUNITY I CORP UNIT USD 0.0001 6,679 $66,456 0.00% N/A N/A KAFB7E5 ELY CALL USD 33 19/NOV/2021 (ELY US 11/19/21 C33 97 $7,275 0.00% N/A 11/19/21 K029D67 ELY CALL USD 40 21/JAN/2022 (ELY US 01/21/22 C40 (103) ($4,120) 0.00% N/A 01/21/22 K3B151A ELY CALL USD 45 21/JAN/2022 (ELY US 01/21/22 C45 (268) ($5,360) 0.00% N/A 01/21/22 HCDDFD1 ELY PUT USD 22 21/JAN/2022 (ELY US 01/21/22 P22 (372) ($28,644) 0.00% N/A 01/21/22 KAFC5CA ELY PUT USD 26 19/NOV/2021 (ELY US 11/19/21 P26 (97) ($13,386) 0.00% N/A 11/19/21 M881660 ELY PUT USD 28 21/JAN/2022 (ELY US 01/21/22 P28 24 $6,840 0.00% N/A 01/21/22 M87E9AA ELY PUT USD 29 21/JAN/2022 (ELY US 01/21/22 P29 127 $43,815 0.00% N/A 01/21/22 HD18A86 ELY PUT USD 30 21/JAN/2022 (ELY US 01/21/22 P30 219 $87,600 0.00% N/A 01/21/22 RTYU1ID E-MINI RUSS 2000 EQUITY INDEX 17/SEP/2021 RTYU1 9 $14,077 0.00% N/A 09/17/21 29261AAE0 ENCOMPASS HEALTH CORP CALLABLE NOTES FIXED 4.625% 1,910,000 $2,050,519 0.11% 4.63% 04/01/31 292554AM4 ENCORE CAPITAL GROUP INC CONVERTIBLE BOND FIXED 490,000 $679,544 0.04% 3.25% 10/01/25 29273DAB6 ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC 1,392,000 $1,369,547 0.07% 9.50% 07/31/27 K995483 ENERGEAN ISRAEL FINANCE LTD CALLABLE BOND FIXED 105,000 $107,900 0.01% 5.88% 03/30/31 BKP8KT7 ENERGEAN ISRAEL FINANCE LTD CALLABLE BOND FIXED 75,000 $77,071 0.00% 5.88% 03/30/31 K995411 ENERGEAN ISRAEL FINANCE LTD CALLABLE BOND FIXED 75,000 $76,796 0.00% 5.38% 03/30/28 BKP8KV9 ENERGEAN ISRAEL FINANCE LTD CALLABLE BOND FIXED 60,000 $61,437 0.00% 5.38% 03/30/28 29279N102 ENERGY HARBOR CORP COMMON STOCK USD 75,396 $2,789,652 0.15% N/A N/A 29273VAN0 ENERGY TRANSFER LP CALLABLE BOND VARIABLE USD 1000 763,000 $784,196 0.04% 6.50% 12/31/64 29273V100 ENERGY TRANSFER LP USD 5,672 $52,750 0.00% N/A N/A BNXL710 ENERGY TRANSITION PARTNERS BV COMMON STOCK EUR 4,923 $56,652 0.00% N/A N/A BNXL754 ENERGY TRANSITION PARTNERS BV EQUITY WRT 1,641 $598 0.00% N/A 07/16/26 26875P101 EOG RESOURCES INC COMMON STOCK USD 0.01 1,245 $84,062 0.00% N/A N/A 26884LAM1 EQT CORP CALLABLE NOTES FIXED 3.125% 15/MAY/2026 15,000 $15,431 0.00% 3.13% 05/15/26 26884LAN9 EQT CORP CALLABLE NOTES FIXED 3.625% 15/MAY/2031 35,000 $37,050 0.00% 3.63% 05/15/31
Page 16 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
26884LAL3 EQT CORP CALLABLE NOTES FIXED 5% 15/JAN/2029 USD 15,000 $17,080 0.00% 5.00% 01/15/29 023230K2 EQUITY OPTION INDEX - EQOI 3,403,350 $108,778 0.01% N/A 09/07/21 023229K2 EQUITY OPTION INDEX - EQOI 3,403,350 $3,659 0.00% N/A 09/07/21 023210K2 EQUITY OPTION SINGLE NAME - EQOS 3,732,000 $496,042 0.03% N/A 12/17/21 023212K2 EQUITY OPTION SINGLE NAME - EQOS 3,576,500 $393,973 0.02% N/A 12/17/21 022680K2 EQUITY OPTION SINGLE NAME - EQOS 86,400 $4,108 0.00% N/A 09/17/21 023249K2 EQUITY OPTION SINGLE NAME - EQOS (3,000) ($221) 0.00% N/A 11/19/21 023231K2 EQUITY OPTION SINGLE NAME - EQOS (561,000) ($1,093) 0.00% N/A 09/17/21 023266K2 EQUITY OPTION SINGLE NAME - EQOS (15,000) ($1,107) 0.00% N/A 11/19/21 023234K2 EQUITY OPTION SINGLE NAME - EQOS (24,000) ($1,771) 0.00% N/A 11/19/21 023238K2 EQUITY OPTION SINGLE NAME - EQOS (24,000) ($1,771) 0.00% N/A 11/19/21 023271K2 EQUITY OPTION SINGLE NAME - EQOS (280,000) ($1,823) 0.00% N/A 09/03/21 023269K2 EQUITY OPTION SINGLE NAME - EQOS (33,000) ($2,435) 0.00% N/A 11/19/21 023261K2 EQUITY OPTION SINGLE NAME - EQOS (45,000) ($3,320) 0.00% N/A 11/19/21 023228K2 EQUITY OPTION SINGLE NAME - EQOS (48,000) ($3,541) 0.00% N/A 11/19/21 023241K2 EQUITY OPTION SINGLE NAME - EQOS (48,000) ($3,541) 0.00% N/A 11/19/21 023207K2 EQUITY OPTION SINGLE NAME - EQOS (624,000) ($4,758) 0.00% N/A 02/18/22 023232K2 EQUITY OPTION SINGLE NAME - EQOS (280,000) ($5,033) 0.00% N/A 09/17/21 023245K2 EQUITY OPTION SINGLE NAME - EQOS (280,000) ($5,033) 0.00% N/A 09/17/21 022871K2 EQUITY OPTION SINGLE NAME - EQOS (560,000) ($10,067) 0.00% N/A 09/17/21 022872K2 EQUITY OPTION SINGLE NAME - EQOS (560,000) ($10,067) 0.00% N/A 09/17/21 023265K2 EQUITY OPTION SINGLE NAME - EQOS (350,000) ($17,942) 0.00% N/A 12/17/21 428ESCAD9 ESC 144A HERTZ CORP 2,616,000 $189,660 0.01% 6.00% 01/15/28 G3195H120 ESM ACQUISITION CORP UNIT USD 0.0001 12,124 $119,846 0.01% N/A N/A 518439104 ESTEE LAUDER COS INC/THE COMMON STOCK USD 0.01 503 $171,266 0.01% N/A N/A VGU1IDX EURO STOXX 50 EQUITY INDEX 17/SEP/2021 VGU1 INDEX (803) ($430,760) -0.02% N/A 09/17/21 OEU1COM EURO-BOBL FUTURE BOND 08/SEP/2021 OEU1 COMDTY 127 ($47,726) 0.00% N/A 09/08/21 RXU1COM EURO-BUND FUTURE BOND 08/SEP/2021 RXU1 COMDTY 48 ($47,216) 0.00% N/A 09/08/21 BNDPYV1 EUROFINS SCIENTIFIC SE COMMON STOCK EUR 0.1 33,720 $4,784,565 0.25% N/A N/A G3167F110 EUROPEAN BIOTECH ACQUISITION CORP UNIT USD 0.0001 1,813 $17,985 0.00% N/A N/A DUU1COM EURO-SCHATZ FUT BOND 08/SEP/2021 DUU1 COMDTY 134 ($7,680) 0.00% N/A 09/08/21 30034TAA1 EVERI HOLDINGS INC CALLABLE NOTES FIXED 5% 25,000 $25,619 0.00% 5.00% 07/15/29 30158L100 EXECUTIVE NETWORK PARTNERING CORP COMMON STOCK USD 32,715 $318,644 0.02% N/A N/A 30158L118 EXECUTIVE NETWORK PARTNERING CORP EQUITY WRT 4,839 $3,336 0.00% N/A 09/25/28 30161N101 EXELON CORP COMMON STOCK USD 0 116,053 $5,688,918 0.30% N/A N/A 2670519 EXELON CORP COMMON STOCK USD 0 63,266 $3,101,299 0.16% N/A N/A BP381M4 EXPAND LEAD LTD BOND FIXED 4.95% 22/JUL/2026 USD 600,000 $612,130 0.03% 4.95% 07/22/26 30212PBH7 EXPEDIA GROUP INC CALLABLE NOTES FIXED 2.95% 120,000 $122,206 0.01% 2.95% 03/15/31 30212PAR6 EXPEDIA GROUP INC CALLABLE NOTES FIXED 3.25% 710,000 $736,762 0.04% 3.25% 02/15/30 30212PBD6 EXPEDIA GROUP INC CONVERTIBLE BOND ZERO CPN 125,000 $131,232 0.01% 0.00% 02/15/26 302130109 EXPEDITORS INTERNATIONAL OF WASHINGTON INC COMMON 1,384 $172,502 0.01% N/A N/A 30215EBD8 EXPORT-IMPORT BANK OF KOREA MEDIUM TERM NOTE FIXED 39,800,000 $546,441 0.03% 4.89% 08/09/23 BG214W2 EXPORT-IMPORT BANK OF KOREA MEDIUM TERM NOTE FIXED 10,400,000 $145,261 0.01% 6.75% 08/09/22 302301AF3 EZCORP INC CONVERTIBLE BOND FIXED 2.875% 1,282,000 $1,288,083 0.07% 2.88% 07/01/24 30303M102 FACEBOOK INC COMMON STOCK USD 0.000006 15,002 $5,691,459 0.30% N/A N/A G3312L103 FAR PEAK ACQUISITION CORP COMMON STOCK USD 0.0001 38,493 $381,851 0.02% N/A N/A G3312L111 FAR PEAK ACQUISITION CORP EQUITY WRT 07/DEC/2025 7,598 $13,221 0.00% N/A 12/07/25 311874200 FAST ACQUISITION CORP II UNIT USD 0.0001 20,952 $207,739 0.01% N/A N/A 31188VAA8 FASTLY INC CONVERTIBLE BOND ZERO CPN 15/MAR/2026 1,436,000 $1,224,255 0.06% 0.00% 03/15/26 31189P102 FATE THERAPEUTICS INC COMMON STOCK USD 0.001 21,872 $1,602,124 0.08% N/A N/A 313400624 FEDERAL HOME LOAN MORTGAGE CORP CALLABLE PREFERRED 6,153 $9,045 0.00% N/A N/A 313586752 FEDERAL NATIONAL MORTGAGE ASSOCIATION CALLABLE 6,150 $10,824 0.00% N/A N/A BJ0X0K1 FEDERATIVE REPUBLIC OF BRAZIL BOND FIXED 10% 2,878,000 $573,339 0.03% 10.00% 01/01/25 2335001 FERRO CORP COMMON STOCK USD 1 51,857 $1,078,626 0.06% N/A N/A 31620R303 FIDELITY NATIONAL FINANCIAL INC COMMON STOCK USD 1,689 $82,474 0.00% N/A N/A
Page 17 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
302438106 FIGURE ACQUISITION CORP I COMMON STOCK USD 0.0001 2,059 $20,199 0.00% N/A N/A 302438114 FIGURE ACQUISITION CORP I EQUITY WRT 31/DEC/2027 1,738 $1,755 0.00% N/A 12/31/27 31811H205 FINTECH ACQUISITION CORP VI UNIT USD 0.0001 57,656 $573,677 0.03% N/A N/A BN7R4L3 FINTECH EVOLUTION ACQUISITION GROUP 25,481 $251,243 0.01% N/A N/A 32059DAJ3 FIRST INVESTORS AUTO OWNER TRUST 2018-2 2018-2A D 560,000 $575,537 0.03% 4.28% 01/15/25 335934AT2 FIRST QUANTUM MINERALS LTD CALLABLE NOTES FIXED 420,000 $455,175 0.02% 6.88% 10/15/27 335934AR6 FIRST QUANTUM MINERALS LTD CALLABLE NOTES FIXED 400,000 $418,490 0.02% 6.88% 03/01/26 335934AL9 FIRST QUANTUM MINERALS LTD CALLABLE NOTES FIXED 400,000 $415,000 0.02% 7.50% 04/01/25 BN6J283 FIRST RESERVE SUSTAINABLE GROWTH CORP COMMON STOCK 32,035 $314,263 0.02% N/A N/A BMF39Y4 FIRST RESERVE SUSTAINABLE GROWTH CORP EQUITY WRT 8,008 $5,045 0.00% N/A 12/31/27 B1HMF22 FIRST SOLAR INC COMMON STOCK USD 0.001 13,254 $1,245,876 0.07% N/A N/A 337932107 FIRSTENERGY CORP COMMON STOCK USD 0.1 51,203 $1,990,261 0.10% N/A N/A 33813JAA4 FISKER INC CONVERTIBLE BOND FIXED 2.5% 15/SEP/2026 1,096,000 $1,040,542 0.05% 2.50% 09/15/26 33835LAB1 FIVERR INTERNATIONAL LTD CONVERTIBLE BOND ZERO CPN 795,000 $891,074 0.05% 0.00% 11/01/25 33845DAC5 FLAGSHIP CREDIT AUTO TRUST 2018-4 2018-4 C 4.11% 790,000 $809,747 0.04% 4.11% 10/15/24 33938JAB2 FLEXION THERAPEUTICS INC CONVERTIBLE BOND FIXED 1,154,000 $1,011,155 0.05% 3.38% 05/01/24 30251GBC0 FMG RESOURCES AUGUST 2006 PTY LTD CALLABLE NOTES 195,000 $210,409 0.01% 4.38% 04/01/31 344419AC0 FOMENTO ECONOMICO MEXICANO SAB DE CV CALLABLE 362,000 $386,538 0.02% 3.50% 01/16/50 34552Y114 FORESIGHT ACQUISITION CORP EQUITY WRT 31/JAN/2027 2,640 $2,904 0.00% N/A 01/31/27 34959JAK4 FORTIVE CORP 0.875% GTD SNR 15/02/22 USD 1,939,000 $1,955,578 0.10% 0.88% 02/15/22 G36427105 FORTRESS CAPITAL ACQUISITION CORP COMMON STOCK USD 16,133 $156,490 0.01% N/A N/A G36427121 FORTRESS CAPITAL ACQUISITION CORP EQUITY WRT 3,090 $2,750 0.00% N/A 12/31/27 34964G107 FORTRESS VALUE ACQUISITION CORP III COMMON STOCK 15,028 $145,922 0.01% N/A N/A 34964K207 FORTRESS VALUE ACQUISITION CORP IV UNIT USD 0.0001 12,000 $117,840 0.01% N/A N/A 349875203 FORUM MERGER IV CORP UNIT USD 0.0001 4,254 $42,412 0.00% N/A N/A 35137L105 FOX CORP COMMON STOCK USD 0.01 2,173 $81,357 0.00% N/A N/A K53E126 FOXA CALL USD 39 15/OCT/2021 (FOXA US 10/15/21 C39 58 $4,350 0.00% N/A 10/15/21 K53EDE5 FOXA CALL USD 40 15/OCT/2021 (FOXA US 10/15/21 C40 (15) ($675) 0.00% N/A 10/15/21 BMH15Y8 FRANKLIN TEMPLETON ALTERNATIVE FUNDS-FRANKLIN K2 901,018 $91,786,656 4.81% 0.00% N/A B1QH8P2 FRASERS GROUP PLC COMMON STOCK GBP 10 275,819 $2,539,057 0.13% N/A N/A 3137G0EW5 FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT 114,609 $116,552 0.01% 3.38% 10/25/27 G3663X110 FREEDOM ACQUISITION I CORP COMMON STOCK USD 0.0001 2,887 $28,062 0.00% N/A N/A 35671DCH6 FREEPORT-MCMORAN INC CALLABLE NOTES FIXED 4.625% 145,000 $160,044 0.01% 4.63% 08/01/30 35671DBJ3 FREEPORT-MCMORAN INC CALLABLE NOTES FIXED 5.4% 210,000 $263,613 0.01% 5.40% 11/14/34 35671DBC8 FREEPORT-MCMORAN INC CALLABLE NOTES FIXED 5.45% 25,000 $31,999 0.00% 5.45% 03/15/43 358039105 FRESHPET INC COMMON STOCK USD 0.001 1,000 $128,140 0.01% N/A N/A 35908MAA8 FRONTIER COMMUNICATIONS HLDGS LLC 192,005 $195,523 0.01% 5.88% 11/01/29 35906ABE7 FRONTIER COMMUNICATIONS HOLDINGS LLC CALLABLE 777,000 $831,569 0.04% 5.88% 10/15/27 35906ABF4 FRONTIER COMMUNICATIONS HOLDINGS LLC CALLABLE 366,000 $382,928 0.02% 5.00% 05/01/28 30318F100 FS DEVELOPMENT CORP II COMMON STOCK USD 0.0001 2,137 $21,135 0.00% N/A N/A 302635AG2 FS KKR CAPITAL CORP CALLABLE NOTES FIXED 3.4% 545,000 $568,875 0.03% 3.40% 01/15/26 G37283101 FTAC ATHENA ACQUISITION CORP COMMON STOCK USD 41,312 $407,336 0.02% N/A N/A G37283119 FTAC ATHENA ACQUISITION CORP EQUITY WRT 10,328 $11,051 0.00% N/A 03/01/26 G3728Y103 FTAC HERA ACQUISITION CORP COMMON STOCK USD 0.0001 9,085 $88,488 0.00% N/A N/A 30319B108 FTAC PARNASSUS ACQUISITION CORP COMMON STOCK USD 71,152 $689,463 0.04% N/A N/A 30319B116 FTAC PARNASSUS ACQUISITION CORP EQUITY WRT 17,788 $17,434 0.00% N/A 03/10/26 Z0U1IDX FTSE 100 IDX FUT EQUITY INDEX 17/SEP/2021 Z U1 (13) $208,632 0.01% N/A 09/17/21 STU1IDX FTSE/MIB IDX FUT EQUITY INDEX 17/SEP/2021 STU1 (6) ($14,537) 0.00% N/A 09/17/21 MBB6390 FUBO CALL USD 35 17/SEP/2021 (FUBO US 09/17/21 C35 41 $1,312 0.00% N/A 09/17/21 35953DAA2 FUBOTV INC CONVERTIBLE BOND FIXED 3.25% 1,663,000 $1,610,619 0.08% 3.25% 02/15/26 36118N102 FUSION ACQUISITION CORP II COMMON STOCK USD 0.0001 4,811 $46,426 0.00% N/A N/A 36118N110 FUSION ACQUISITION CORP II EQUITY WRT 31/DEC/2027 1,603 $1,106 0.00% N/A 12/31/27 36118N201 FUSION ACQUISITION CORP II UNIT USD 0.0001 18,285 $179,924 0.01% N/A N/A G4204R117 G SQUARED ASCEND I INC EQUITY WRT 31/DEC/2027 USD 3,890 $3,579 0.00% N/A 12/31/27 BM9NG94 G SQUARED ASCEND I INC UNIT USD 0.0001 7,970 $78,903 0.00% N/A N/A
Page 18 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
36321PAE0 GALAXY PIPELINE ASSETS BIDCO LTD CALLABLE NOTES 200,000 $203,706 0.01% 2.94% 09/30/40 36321MAA5 GALAXY XXVI CLO LTD 2018-26A E FLOATING 310,000 $305,660 0.02% 5.98% 11/22/31 G3770A110 GALILEO ACQUISITION CORP EQUITY WRT 31/OCT/2026 27,073 $28,427 0.00% N/A 10/31/26 36467J108 GAMING AND LEISURE PROPERTIES INC REIT USD 884 $43,581 0.00% N/A N/A BLN9TD6 GARFUNKELUX HOLDCO 3 SA CALLABLE NOTES FIXED 6.75% 228,000 $282,402 0.01% 6.75% 11/01/25 Y2688LAE1 GEMDALE EVER PROSPERITY INVESTMENT LTD CALLABLE 500,000 $511,286 0.03% 4.95% 08/12/24 B6197Q2 GENERAC HOLDINGS INC COMMON STOCK USD 0.01 7,065 $3,087,264 0.16% N/A N/A 37045VAJ9 GENERAL MOTORS CO CALLABLE NOTES FIXED 5.2% 25,000 $30,699 0.00% 5.20% 04/01/45 37045VAQ3 GENERAL MOTORS CO CALLABLE NOTES FIXED 5.4% 295,000 $374,356 0.02% 5.40% 04/01/48 37045VAT7 GENERAL MOTORS CO CALLABLE NOTES FIXED 5.95% 85,000 $115,948 0.01% 5.95% 04/01/49 37045XCA2 GENERAL MOTORS FINANCIAL CO INC CALLABLE BOND 145,000 $159,307 0.01% 5.75% 12/31/64 37045XCM6 GENERAL MOTORS FINANCIAL CO INC CALLABLE BOND 120,000 $136,500 0.01% 6.50% 12/31/64 37045XDG8 GENERAL MOTORS FINANCIAL CO INC CALLABLE NOTES 145,000 $145,950 0.01% 1.05% 03/08/24 37045XDB9 GENERAL MOTORS FINANCIAL CO INC CALLABLE NOTES 50,000 $57,500 0.00% 5.70% 12/31/64 37186H100 GENETRON HOLDINGS LTD ADR USD 35,628 $473,496 0.02% N/A N/A 37231BAA6 GENM CAPITAL LABUAN LTD CALLABLE NOTES FIXED 200,000 $201,502 0.01% 3.88% 04/19/31 37247DAG1 GENWORTH HOLDINGS INC CALLABLE NOTES VARIABLE 2,509,000 $1,543,324 0.08% 2.13% 11/15/66 B1Y47Y7 GERRESHEIMER AG COMMON STOCK EUR 0 16,780 $1,782,494 0.09% N/A N/A 378272BE7 GLENCORE FUNDING LLC CALLABLE NOTES FIXED 2.85% 480,000 $491,671 0.03% 2.85% 04/27/31 378579205 GLENFARNE MERGER CORP UNIT USD 0.0001 1,813 $17,786 0.00% N/A N/A 37959GAA5 GLOBAL ATLANTIC FIN CO CALLABLE NOTES FIXED 4.4% 255,000 $282,909 0.01% 4.40% 10/15/29 G3934P102 GLOBAL PARTNER ACQUISITION CORP II COMMON STOCK 25,614 $249,737 0.01% N/A N/A G3934P128 GLOBAL PARTNER ACQUISITION CORP II EQUITY WRT 4,269 $4,268 0.00% N/A 12/31/27 37940X102 GLOBAL PAYMENTS INC COMMON STOCK USD 0 22,461 $3,653,057 0.19% N/A N/A BH4JQ47 GMR HYDERABAD INTERNATIONAL AIRPORT LTD BOND FIXED 315,000 $325,018 0.02% 5.38% 04/10/24 36256WAC8 GMR HYDERABAD INTERNATIONAL AIRPORT LTD BOND FIXED 270,000 $272,363 0.01% 4.75% 02/02/26 BD39435 GMR HYDERABAD INTERNATIONAL AIRPORT LTD NOTES 300,000 $290,333 0.02% 4.25% 10/27/27 K53DAD6 GOL CALL USD 10 15/OCT/2021 (GOL US 10/15/21 C10 165 $1,980 0.00% N/A 10/15/21 36256KAA8 GOL EQUITY FINANCE SA CONVERTIBLE BOND FIXED 3.75% 1,371,000 $1,248,467 0.07% 3.75% 07/15/24 K53EBE4 GOL PUT USD 4 15/OCT/2021 (GOL US 10/15/21 P4 82 $820 0.00% N/A 10/15/21 MBB4AB3 GOL PUT USD 8 17/SEP/2021 (GOL US 09/17/21 P8 58 $2,755 0.00% N/A 09/17/21 38113YAE9 GOLDEN NUGGET INC CALLABLE NOTES FIXED 6.75% 188,000 $188,667 0.01% 6.75% 10/15/24 7309681EBGOL GOLDMAN SACHS 54,023 $1,407,716 0.07% N/A N/A 5505072EBGOL GOLDMAN SACHS 3,793 $1,241,111 0.07% N/A N/A B1Y9TB3EBGOL GOLDMAN SACHS 91,549 $948,070 0.05% N/A N/A B28DTJ6EBGOL GOLDMAN SACHS 73,732 $918,695 0.05% N/A N/A 5966516EBGOL GOLDMAN SACHS 69,979 $897,300 0.05% N/A N/A 4061412EBGOL GOLDMAN SACHS 1,345 $504,451 0.03% N/A N/A BYZR014EBGOL GOLDMAN SACHS 10,015 $382,132 0.02% N/A N/A BVSS790EBGOL GOLDMAN SACHS 46,999 $222,450 0.01% N/A N/A BD5CGV4EBGOLGOLDMAN SACHS 504,793 $187,376 0.01% N/A N/A B0NJJ17EBGOL GOLDMAN SACHS 282,817 $112,387 0.01% N/A N/A XNBIEBGOL GOLDMAN SACHS (2,417) $90,638 0.00% N/A N/A 023264K2L GOLDMAN SACHS 2,668,000 $86,018 0.00% N/A 06/20/26 B0C2CQ3EBGOLGOLDMAN SACHS 475,401 $85,034 0.00% N/A N/A B01BN57EBGOL GOLDMAN SACHS (179,423) $58,500 0.00% N/A N/A B1FH8J7EBGOL GOLDMAN SACHS (37,044) $54,238 0.00% N/A N/A 2595708EBGOL GOLDMAN SACHS (10,417) $37,021 0.00% N/A N/A B39J2M4EBGOL GOLDMAN SACHS (99,204) $24,773 0.00% N/A N/A UTYEBGOL GOLDMAN SACHS (17,837) $20,408 0.00% N/A N/A 021333K2L GOLDMAN SACHS 37,000 $20,363 0.00% N/A 12/20/25 USDFGOL GOLDMAN SACHS 16,728 $16,728 0.00% N/A N/A 021395K2L GOLDMAN SACHS 24,000 $12,651 0.00% N/A 06/20/25 023158K2L GOLDMAN SACHS 60,385 $12,642 0.00% N/A 10/19/21 BYXB1Y8EBGOL GOLDMAN SACHS (23,234) $12,449 0.00% N/A N/A
Page 19 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
GDWUUTIEBGOL GOLDMAN SACHS (10,775) $12,041 0.00% N/A N/A 6097017EBGOL GOLDMAN SACHS (200,500) $11,409 0.00% N/A N/A 2829601EBGOL GOLDMAN SACHS (29,507) $4,468 0.00% N/A N/A B1HMF22EBGOL GOLDMAN SACHS (6,100) $1,498 0.00% N/A N/A GBPFINGOL GOLDMAN SACHS 0 ($260) 0.00% N/A N/A HKDFINGOL GOLDMAN SACHS 0 ($270) 0.00% N/A N/A DKKFINGOL GOLDMAN SACHS 0 ($312) 0.00% N/A N/A SEKFINGOL GOLDMAN SACHS 1 ($445) 0.00% N/A N/A 021772K2L GOLDMAN SACHS 49,000 ($1,025) 0.00% N/A 12/20/21 CHFFINGOL GOLDMAN SACHS 1 ($1,175) 0.00% N/A N/A 019894K2L GOLDMAN SACHS 42,000 ($1,588) 0.00% N/A 06/20/22 022776K2L GOLDMAN SACHS 43,000 ($1,860) 0.00% N/A 06/20/26 021490K2L GOLDMAN SACHS 122,000 ($2,551) 0.00% N/A 12/20/21 020862K2L GOLDMAN SACHS 128,800 ($2,994) 0.00% N/A 06/20/25 020385K2L GOLDMAN SACHS 129,000 ($2,998) 0.00% N/A 06/20/25 020433K2L GOLDMAN SACHS 129,000 ($2,998) 0.00% N/A 06/20/25 EURFINGOL GOLDMAN SACHS 1 ($4,801) 0.00% N/A N/A 021790K2L GOLDMAN SACHS 73,000 ($5,914) 0.00% N/A 12/20/25 020779K2L GOLDMAN SACHS 145,000 ($6,901) 0.00% N/A 06/20/24 2517382EBGOL GOLDMAN SACHS (10,094) ($6,906) 0.00% N/A N/A B65SQW4EBGOL GOLDMAN SACHS (3,489) ($7,034) 0.00% N/A N/A 021203K2L GOLDMAN SACHS 1,527,000 ($8,584) 0.00% N/A 12/20/25 023159K2L GOLDMAN SACHS 163,941 ($8,617) 0.00% N/A 11/16/21 USDFINGOL GOLDMAN SACHS 1 ($8,999) 0.00% N/A N/A IXITREBGOL GOLDMAN SACHS (1,546) ($12,404) 0.00% N/A N/A 020785K2L GOLDMAN SACHS 310,000 ($14,753) 0.00% N/A 06/20/24 BWC52Q6EBGOLGOLDMAN SACHS (2,126) ($19,188) 0.00% N/A N/A 018651K2L GOLDMAN SACHS 433,000 ($32,440) 0.00% N/A 12/20/24 BYT16L4EAGOL GOLDMAN SACHS (7,084) ($43,464) 0.00% N/A N/A B616C79EBGOL GOLDMAN SACHS (1,160) ($94,785) 0.00% N/A N/A B953PM3EBGOL GOLDMAN SACHS (11,708) ($111,389) -0.01% N/A N/A 5701513EBGOL GOLDMAN SACHS (11,848) ($140,750) -0.01% N/A N/A 5533976EBGOL GOLDMAN SACHS (2,166) ($165,949) -0.01% N/A N/A IXVTREBGOL GOLDMAN SACHS (3,008) ($239,713) -0.01% N/A N/A 5687431EBGOL GOLDMAN SACHS (54,831) ($251,350) -0.01% N/A N/A 4511809EBGOL GOLDMAN SACHS (6,314) ($296,008) -0.02% N/A N/A 5806225EBGOL GOLDMAN SACHS (57,365) ($436,108) -0.02% N/A N/A 4057808EBGOL GOLDMAN SACHS (3,303) ($704,935) -0.04% N/A N/A 6346913EBGOL GOLDMAN SACHS 8,449 ($814,379) -0.04% N/A N/A 38141GYE8 GOLDMAN SACHS GROUP INC/THE CALLABLE NOTES 575,000 $574,879 0.03% 0.66% 09/10/24 38141G104 GOLDMAN SACHS GROUP INC/THE COMMON STOCK USD 0.01 200 $82,702 0.00% N/A N/A 38286Q107 GORES GUGGENHEIM INC COMMON STOCK USD 0.0001 4,538 $44,609 0.00% N/A N/A 38286Q115 GORES GUGGENHEIM INC EQUITY WRT 31/DEC/2027 USD 907 $1,487 0.00% N/A 12/31/27 BKY8B40 GORES HOLDINGS VII INC UNIT USD 0.0001 31,074 $309,497 0.02% N/A N/A 38286T200 GORES HOLDINGS VII INC UNIT USD 0.0001 24,424 $243,263 0.01% N/A N/A 382863207 GORES HOLDINGS VIII INC UNIT USD 0.0001 6,512 $64,534 0.00% N/A N/A BMXDBT5 GORES HOLDINGS VIII INC UNIT USD 0.0001 6,011 $59,569 0.00% N/A N/A 382873107 GORES METROPOULOS II INC COMMON STOCK USD 0.0001 204 $2,026 0.00% N/A N/A 382873115 GORES METROPOULOS II INC EQUITY WRT 31/JAN/2028 6,146 $7,437 0.00% N/A 01/31/28 382873206 GORES METROPOULOS II INC UNIT USD 0.0001 165 $1,671 0.00% N/A N/A 38287L107 GORES TECHNOLOGY PARTNERS II INC COMMON STOCK USD 1,774 $17,421 0.00% N/A N/A 38287L206 GORES TECHNOLOGY PARTNERS II INC UNIT USD 0.0001 15,386 $153,706 0.01% N/A N/A BNDJYN5 GORES TECHNOLOGY PARTNERS II INC UNIT USD 0.0001 2,332 $23,297 0.00% N/A N/A 382870202 GORES TECHNOLOGY PARTNERS INC UNIT USD 0.0001 14,769 $147,247 0.01% N/A N/A BNHPBT4 GORES TECHNOLOGY PARTNERS INC UNIT USD 0.0001 1,166 $11,625 0.00% N/A N/A
Page 20 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
38341PAA0 GOSSAMER BIO INC CONVERTIBLE BOND FIXED 5% 366,000 $329,839 0.02% 5.00% 06/01/27 36255CAG4 GPMT 2018-FL1 LTD 2018-FL1 C FLOATING 19/NOV/2035 1,900,000 $1,900,110 0.10% 2.24% 11/19/35 36259BAJ6 GPMT 2019-FL2 LTD 2019-FL2 D FLOATING 22/FEB/2036 1,807,000 $1,802,254 0.09% 3.04% 02/22/36 BFZP4T1 GRAFTECH INTERNATIONAL LTD COMMON STOCK USD 0.01 60,200 $666,414 0.03% N/A N/A 38870X104 GRAPHITE BIO INC COMMON STOCK USD 0.00001 9,013 $176,114 0.01% N/A N/A 2380573 GREAT CANADIAN GAMING CORP COMMON STOCK CAD 0 267,781 $9,349,465 0.49% N/A N/A 393657AL5 GREENBRIER COS INC/THE CONVERTIBLE BOND FIXED 1,580,000 $1,676,808 0.09% 2.88% 04/15/28 V3854PAA9 GREENKO INVESTMENT CO CALLABLE BOND FIXED 4.875% 200,000 $202,735 0.01% 4.88% 08/16/23 BLCX2W9 GREENLAND GLOBAL INVESTMENT LTD MEDIUM TERM NOTE 200,000 $157,252 0.01% 7.25% 01/22/25 39862EAD6 GRIPPEN PARK CLO LTD 2017-1A D FLOATING 305,000 $304,710 0.02% 3.43% 01/20/30 39947R104 GROUP NINE ACQUISITION CORP COMMON STOCK USD 35,046 $337,143 0.02% N/A N/A 39947R112 GROUP NINE ACQUISITION CORP EQUITY WRT 14/JAN/2026 11,682 $8,528 0.00% N/A 01/14/26 399473AE7 GROUPON INC CONVERTIBLE BOND FIXED 1.125% 944,000 $740,989 0.04% 1.13% 03/15/26 36258Q105 GS ACQUISITION HOLDINGS CORP II COMMON STOCK USD 6,953 $69,043 0.00% N/A N/A MEF0162 GS CALL USD 435 15/OCT/2021 (GS US 10/15/21 C435 (1) ($657) 0.00% N/A 10/15/21 36191YAL2 GS MORTGAGE SECURITIES TRUST 2011-GC5 2011-GC5 D 420,000 $221,550 0.01% 5.30% 08/10/44 362341BU2 GSAMP TRUST 2005-HE3 2005-HE3 B1 FLOATING 1,093,071 $931,834 0.05% 2.11% 06/25/35 362341SF7 GSR MORTGAGE LOAN TRUST 2005-AR6 2005-AR6 4A5 25,221 $25,442 0.00% 2.85% 09/25/35 6913168 GUANGDONG INVESTMENT LTD COMMON STOCK HKD 0 1,813,230 $2,518,176 0.13% N/A N/A 40131M109 GUARDANT HEALTH INC COMMON STOCK USD 0.00001 12,094 $1,539,203 0.08% N/A N/A 40131MAA7 GUARDANT HEALTH INC CONVERTIBLE BOND ZERO CPN 80,000 $93,568 0.00% 0.00% 11/15/27 40204BAA3 GUITAR CENTER INC CALLABLE NOTES FIXED 8.5% 1,266,000 $1,349,873 0.07% 8.50% 01/15/26 36262G101 GXO LOGISTICS INC USD 17,316 $1,416,276 0.07% N/A N/A BNNTGF1 GXO LOGISTICS INC USD 13,214 $1,080,773 0.06% N/A N/A BL6JRR3 HAIDILAO INTERNATIONAL HOLDING LTD NOTES FIXED 700,000 $679,195 0.04% 2.15% 01/14/26 40538CAN0 HALCYON LOAN ADVISORS FUNDING 2014-1 LTD 2014-1A D 2,810,000 $2,804,089 0.15% 3.63% 04/18/26 HIU1IDX HANG SENG IDX FUT EQUITY INDEX 29/SEP/2021 HIU1 20 $66,037 0.00% N/A 09/29/21 41161PKA0 HARBORVIEW MORTGAGE LOAN TRUST 2004-11 2004-11 65,312 $61,099 0.00% 0.73% 01/19/35 41165BAD2 HARBORVIEW MORTGAGE LOAN TRUST 2007-6 2007-6 2A1B 1,289,235 $1,115,018 0.06% 0.32% 08/19/37 41983PAA7 HAWAIIAN AIRLINES 2020-1 CLASS A PASS THROUGH 942,613 $1,068,863 0.06% 7.38% 09/15/27 404119CA5 HCA INC CALLABLE NOTES FIXED 3.5% 01/SEP/2030 USD 190,000 $204,183 0.01% 3.50% 09/01/30 M1D7FB5 HD CALL USD 345 15/OCT/2021 (HD US 10/15/21 C345 (2) ($390) 0.00% N/A 10/15/21 42227K104 HEALTHCARE SERVICES ACQUISITION CORP COMMON STOCK 4,455 $43,214 0.00% N/A N/A 42227K112 HEALTHCARE SERVICES ACQUISITION CORP EQUITY WRT 5,834 $3,559 0.00% N/A 12/31/27 G44125105 HEALTHCOR CATALIO ACQUISITION CORP COMMON STOCK 7,088 $70,242 0.00% N/A N/A BN6P2X6 HEDOSOPHIA EUROPEAN GROWTH 5,724 $64,883 0.00% N/A N/A BN6RTM0 HEDOSOPHIA EUROPEAN GROWTH COMMON STOCK EUR 0.0001 46,512 $539,580 0.03% N/A N/A BN6SN43 HEDOSOPHIA EUROPEAN GROWTH EQUITY WRT 13/MAY/2027 16,992 $14,646 0.00% N/A 05/13/27 5120679 HEIDELBERGCEMENT AG COMMON STOCK EUR 0 44,713 $3,877,802 0.20% N/A N/A 42330PAK3 HELIX ENERGY SOLUTIONS GROUP INC CALLABLE 1,853,000 $1,912,304 0.10% 6.75% 02/15/26 42330P107 HELIX ENERGY SOLUTIONS GROUP INC COMMON STOCK USD 37,931 $142,621 0.01% N/A N/A 42703MAD5 HERBALIFE NUTRITION LTD CONVERTIBLE BOND FIXED 39,000 $41,940 0.00% 2.63% 03/15/24 42806J304 HERTZ GLOBAL HOLDINGS INC COMMON STOCK USD 257,394 $3,019,018 0.16% N/A N/A 428102AE7 HESS MIDSTREAM OPERATIONS LP CALLABLE NOTES FIXED 55,000 $55,767 0.00% 4.25% 02/15/30 43284MAA6 HILTON GRAND VACATIONS BORROWER ESCROW LLC / 195,000 $197,681 0.01% 5.00% 06/01/29 43284MAB4 HILTON GRAND VACATIONS BORROWER ESCROW LLC / 55,000 $54,589 0.00% 4.88% 07/01/31 43284BAC6 HILTON GRAND VACATIONS TRUST 2018-A 2018-AA C 4% 46,139 $48,149 0.00% 4.00% 02/25/32 L01E046 HLX CALL USD 5 17/DEC/2021 (HLX US 12/17/21 C5 112 $1,960 0.00% N/A 12/17/21 7110753 HOLCIM LTD COMMON STOCK CHF 2 95,832 $5,460,657 0.29% N/A N/A B0JCH50 HOLLYSYS AUTOMATION TECHNOLOGIES LTD COMMON STOCK 162,926 $3,201,496 0.17% N/A N/A 436440101 HOLOGIC INC COMMON STOCK USD 0.01 16,663 $1,318,876 0.07% N/A N/A 437076102 HOME DEPOT INC/THE COMMON STOCK USD 0.05 27,221 $8,878,946 0.47% N/A N/A 6436557 HONG KONG & CHINA GAS CO LTD COMMON STOCK HKD 0 819,075 $1,316,876 0.07% N/A N/A 43940TAB5 HOPE BANCORP INC CALL/PUT CONVERTIBLE BOND FIXED 1,267,000 $1,236,453 0.06% 2.00% 05/15/38 G46049105 HORIZON ACQUISITION CORP COMMON STOCK USD 0.0001 9,363 $92,975 0.00% N/A N/A
Page 21 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
G46049113 HORIZON ACQUISITION CORP EQUITY WRT 19/AUG/2025 8,184 $11,867 0.00% N/A 08/19/25 440452AG5 HORMEL FOODS CORP CALLABLE NOTES FIXED 0.65% 570,000 $571,093 0.03% 0.65% 06/03/24 40434L105 HP INC COMMON STOCK USD 0.01 2,678 $79,644 0.00% N/A N/A 404280BN8 HSBC HOLDINGS PLC CALLABLE BOND VARIABLE USD 1000 2,100,000 $2,210,250 0.12% 6.25% 12/31/64 40435WAB6 HTA GROUP LTD/MAURITIUS CALLABLE NOTES FIXED 7% 550,000 $583,374 0.03% 7.00% 12/18/25 G463NRAB4 HUANENG HONG KONG CAPITAL LTD CALLABLE BOND 300,000 $305,964 0.02% 3.60% 12/31/64 BF02D56 HUANENG HONG KONG CAPITAL LTD CALLABLE BOND 200,000 $203,976 0.01% 3.60% 12/31/64 G463PSAB0 HUARONG FINANCE 2017 CO LTD CALLABLE BOND VARIABLE 1,600,000 $1,561,920 0.08% 4.50% 12/31/64 BYWQNH1 HUARONG FINANCE 2017 CO LTD CALLABLE MEDIUM TERM 735,000 $696,413 0.04% 4.00% 12/31/64 BYWL2Y6 HUARONG FINANCE 2017 CO LTD NOTES FIXED 4.75% 735,000 $727,650 0.04% 4.75% 04/27/27 G463Q4AE6 HUARONG FINANCE 2019 CO LTD CALLABLE MEDIUM TERM 225,000 $216,000 0.01% 3.25% 11/13/24 BM8R277 HUARONG FINANCE 2019 CO LTD CALLABLE MEDIUM TERM 200,000 $192,000 0.01% 3.25% 11/13/24 BN4LY74 HUARONG FINANCE 2019 CO LTD CALLABLE MEDIUM TERM 200,000 $184,500 0.01% 3.63% 09/30/30 G463Q4AB2 HUARONG FINANCE 2019 CO LTD MEDIUM TERM NOTE FIXED 735,000 $712,950 0.04% 4.50% 05/29/29 BK9S6J5 HUARONG FINANCE 2019 CO LTD MEDIUM TERM NOTE FIXED 635,000 $620,713 0.03% 3.75% 05/29/24 BYNJCM7 HUARONG FINANCE II CO LTD MEDIUM TERM NOTE FIXED 300,000 $298,500 0.02% 4.88% 11/22/26 BVB2Q69 HUARONG FINANCE II CO LTD MEDIUM TERM NOTE FIXED 200,000 $203,000 0.01% 5.50% 01/16/25 443573100 HUBSPOT INC COMMON STOCK USD 0.001 2,097 $1,435,334 0.08% N/A N/A 444859102 HUMANA INC COMMON STOCK USD 0.166 13,513 $5,478,440 0.29% N/A N/A BLF74W2 HURRICANE FINANCE PLC CALLABLE NOTES FIXED 8% 271,000 $403,285 0.02% 8.00% 10/15/25 448579AJ1 HYATT HOTELS CORP CALLABLE NOTES FIXED 5.75% 140,000 $168,237 0.01% 5.75% 04/23/30 451102BZ9 ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE 380,000 $395,202 0.02% 5.25% 05/15/27 451102CC9 ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE 335,000 $336,683 0.02% 4.38% 02/01/29 451102BT3 ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE 110,000 $116,050 0.01% 6.25% 05/15/26 5G7516B ICBC STANDARD BANK PLC MEDIUM TERM NOTE ZERO CPN 31,729,982 $1,995,755 0.10% 0.00% 09/30/21 BF09NN5 ICICI BANK LTD/DUBAI MEDIUM TERM NOTE FIXED 3.25% 500,000 $511,878 0.03% 3.25% 09/09/22 45174HBD8 IHEARTCOMMUNICATIONS INC BOND FIXED 8.375% 530,000 $563,682 0.03% 8.38% 05/01/27 45174HBG1 IHEARTCOMMUNICATIONS INC CALLABLE NOTES FIXED 315,000 $325,631 0.02% 4.75% 01/15/28 45174HBE6 IHEARTCOMMUNICATIONS INC CALLABLE NOTES FIXED 140,000 $146,867 0.01% 5.25% 08/15/27 BD0Q558 IHS MARKIT LTD COMMON STOCK USD 0.01 35,334 $4,261,280 0.22% N/A N/A Y391522Z8 IIFL FINANCE LTD MEDIUM TERM NOTE FIXED 5.875% 772,000 $756,560 0.04% 5.88% 04/20/23 902104108 II-VI INC COMMON STOCK USD 0 21,922 $1,380,648 0.07% N/A N/A 452327109 ILLUMINA INC COMMON STOCK USD 0.01 3,214 $1,469,312 0.08% N/A N/A BL5P6X1 IM GROUP SAS CALLABLE BOND FIXED 6.625% 100,000 $122,798 0.01% 6.63% 03/01/25 44975P103 I-MAB ADR USD 4,627 $328,147 0.02% N/A N/A BNCBD46 IMCD NV COMMON STOCK EUR 0.16 3,465 $682,538 0.04% N/A N/A 45254NRU3 IMPAC CMB TRUST SERIES 2005-8 2005-8 2AM FLOATING 58,279 $59,928 0.00% 0.92% 02/25/36 45332Y109 INARI MEDICAL INC COMMON STOCK USD 0.001 2,588 $211,854 0.01% N/A N/A V2335LAA9 INDIA AIRPORT INFRA CALLABLE NOTES FIXED 6.25% 200,000 $198,260 0.01% 6.25% 10/25/25 Y3R133HE9 INDIABULLS HOUSING FINANCE LTD MEDIUM TERM NOTE 600,000 $590,997 0.03% 6.38% 05/28/22 45434L2C7 INDIAN RAILWAY FINANCE CORP LTD MEDIUM TERM NOTE 255,000 $251,062 0.01% 2.80% 02/10/31 Y7140WAG3 INDONESIA ASAHAN ALUMINIUM PERSERO PT CALLABLE 600,000 $715,122 0.04% 5.80% 05/15/50 Y3990MXW5 INDUSIND BANK LTD/GIFT CITY MEDIUM TERM NOTE FIXED 1,000,000 $1,008,685 0.05% 3.88% 04/15/22 45660LQH5 INDYMAC INDX MORTGAGE LOAN TRUST 2005-AR11 5,244 $4,826 0.00% 2.98% 08/25/35 45660LWF2 INDYMAC INDX MORTGAGE LOAN TRUST 2005-AR18 2,064,855 $1,220,497 0.06% 1.30% 10/25/36 45661EAF1 INDYMAC INDX MORTGAGE LOAN TRUST 2006-AR2 2006-AR2 156,098 $126,615 0.01% 0.50% 02/25/46 45784A104 INNOVAGE HOLDING CORP COMMON STOCK USD 0.001 14,088 $211,743 0.01% N/A N/A 88338TAB0 INNOVIVA INC CONVERTIBLE BOND FIXED 2.125% 3,019,000 $3,160,516 0.17% 2.13% 01/15/23 BVV9XH0 INOVALON HOLDINGS INC COMMON STOCK USD 0.000005 74,061 $3,025,392 0.16% N/A N/A M23C9C9 INSM PUT USD 21 19/NOV/2021 (INSM US 11/19/21 P21 6 $690 0.00% N/A 11/19/21 457669AB5 INSMED INC CONVERTIBLE BOND FIXED 0.75% 980,000 $1,060,491 0.06% 0.75% 06/01/28 DEAEF16 INTC CALL USD 70 21/JAN/2022 (INTC US 01/21/22 C70 145 $4,640 0.00% N/A 01/21/22 45826J105 INTELLIA THERAPEUTICS INC COMMON STOCK USD 0.0001 20,403 $3,275,294 0.17% N/A N/A 3D8743B INTELSAT JACKSON HOLDINGS SA CALLABLE NOTES FIXED 540,000 $643,275 0.03% 9.50% 09/30/22 459200101 INTERNATIONAL BUSINESS MACHINES CORP COMMON STOCK 2,675 $375,410 0.02% N/A N/A
Page 22 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
45950VLJ3 INTERNATIONAL FINANCE CORP BOND FIXED 5.85% 12,080,000 $168,409 0.01% 5.85% 11/25/22 459506101 INTERNATIONAL FLAVORS & FRAGRANCES INC COMMON 3,378 $511,767 0.03% N/A N/A 460690100 INTERPUBLIC GROUP OF COS INC/THE COMMON STOCK USD 2,160 $80,417 0.00% N/A N/A BZ24134 INTERTRUST NV COMMON STOCK EUR 0.6 313,555 $4,861,134 0.25% N/A N/A 461202103 INTUIT INC COMMON STOCK USD 0.01 7,423 $4,202,235 0.22% N/A N/A 46120E602 INTUITIVE SURGICAL INC COMMON STOCK USD 0.001 2,105 $2,217,744 0.12% N/A N/A G4771L113 INVESTINDUSTRIAL ACQUISITION CORP EQUITY WRT 3,602 $4,394 0.00% N/A 10/30/27 G49393120 ION ACQUISITION CORP 2 LTD 2,552 $25,443 0.00% N/A N/A G49393104 ION ACQUISITION CORP 2 LTD COMMON STOCK USD 0.0001 750 $7,388 0.00% N/A N/A G49393112 ION ACQUISITION CORP 2 LTD EQUITY WRT 31/DEC/2027 93 $100 0.00% N/A 12/31/27 G4940J114 ION ACQUISITION CORP 3 LTD COMMON STOCK USD 0.0001 3,978 $38,467 0.00% N/A N/A 462222AC4 IONIS PHARMACEUTICALS INC PUTABLE CONVERTIBLE BOND 105,000 $103,541 0.01% 0.00% 04/01/26 46266C105 IQVIA HOLDINGS INC COMMON STOCK USD 0.01 7,711 $2,002,778 0.11% N/A N/A K545954 IRM CALL USD 47.5 15/OCT/2021 (IRM US 10/15/21 (8) ($1,072) 0.00% N/A 10/15/21 46284V101 IRON MOUNTAIN INC REIT USD 0.01 1,690 $80,698 0.00% N/A N/A 46301G103 IRON SPARK I INC COMMON STOCK USD 0.0001 7,887 $78,081 0.00% N/A N/A M5R75Y101 IRONSOURCE LTD COMMON STOCK USD 0 2,308 $22,942 0.00% N/A N/A 46333XAH1 IRONWOOD PHARMACEUTICALS INC CONVERTIBLE BOND 299,000 $361,734 0.02% 1.50% 06/15/26 BNDRDB0 ISLAMIC REPUBLIC OF PAKISTAN MEDIUM TERM NOTE 200,000 $207,268 0.01% 8.88% 04/08/51 3398649 ITV PLC COMMON STOCK GBP 10 526,183 $838,622 0.04% N/A N/A G4R87P106 IVANHOE CAPITAL ACQUISITION CORP EQUITY WRT 8,692 $8,866 0.00% N/A 12/31/27 46579RAA2 IVANHOE MINES LTD CONVERTIBLE BOND FIXED 2.5% 1,237,000 $1,628,234 0.09% 2.50% 04/15/26 G4989X123 JACK CREEK INVESTMENT CORP EQUITY WRT 31/DEC/2027 9,268 $6,117 0.00% N/A 12/31/27 B8BRV46 JAPAN AIRLINES CO LTD COMMON STOCK JPY 45,172 $962,376 0.05% N/A N/A 47201B202 JAWS HURRICANE ACQUISITION CORP UNIT USD 0.0001 2,580 $25,800 0.00% N/A N/A G50737108 JAWS MUSTANG ACQUISITION CORP COMMON STOCK USD 12,388 $120,411 0.01% N/A N/A G50737124 JAWS MUSTANG ACQUISITION CORP EQUITY WRT 3,097 $3,097 0.00% N/A 01/30/26 BMYCLP7 JAWS MUSTANG ACQUISITION CORP UNIT USD 0.0001 8,775 $87,487 0.00% N/A N/A G50740110 JAWS SPITFIRE ACQUISITION CORP EQUITY WRT 56,762 $60,168 0.00% N/A 12/01/25 46590XAC0 JBS USA LUX SA / JBS USA FOOD CO / JBS USA FINANCE 90,000 $95,063 0.00% 3.75% 12/01/31 BKPQZT6 JD.COM INC COMMON STOCK HKD 0.00002 319 $12,537 0.00% N/A N/A 477143AN1 JETBLUE AIRWAYS CORP CONVERTIBLE BOND FIXED 0.5% 75,000 $74,105 0.00% 0.50% 04/01/26 46617EAG2 JFIN CLO 2014 LTD 2014-1A D FLOATING 21/APR/2025 1,000,000 $1,005,844 0.05% 3.78% 04/21/25 46617NAG2 JFIN CLO 2014-II LTD 2014-2A C FLOATING 1,340,000 $1,343,325 0.07% 3.38% 07/20/26 46592C100 JOFF FINTECH ACQUISITION CORP COMMON STOCK USD 8,802 $85,203 0.00% N/A N/A 46592C118 JOFF FINTECH ACQUISITION CORP EQUITY WRT 2,934 $1,980 0.00% N/A 12/31/27 24422EVQ9 JOHN DEERE CAPITAL CORP MEDIUM TERM NOTE FIXED 275,000 $275,169 0.01% 0.45% 06/07/24 478160104 JOHNSON & JOHNSON COMMON STOCK USD 1 2,064 $357,340 0.02% N/A N/A BY7QL61 JOHNSON CONTROLS INTERNATIONAL PLC COMMON STOCK 7,990 $597,652 0.03% N/A N/A 46639EAL5 JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES 145,000 $147,563 0.01% 4.51% 12/15/47 46638UAM8 JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES 100,000 $101,344 0.01% 4.78% 10/15/45 46629BAU3 JP MORGAN MORTGAGE ACQUISITION TRUST 2006-CW2 717,287 $731,270 0.04% 0.38% 08/25/36 466247EV1 JP MORGAN MORTGAGE TRUST 2004-S1 2004-S1 2A1 6% 52,803 $55,357 0.00% 6.00% 09/25/34 46628KBA7 JP MORGAN MORTGAGE TRUST 2006-A3 2006-A3 2B1 1,910,739 $1,268,670 0.07% 2.68% 04/25/35 M0BDCA1 JPM CALL USD 165 15/OCT/2021 (JPM US 10/15/21 C165 (3) ($780) 0.00% N/A 10/15/21 46625H100 JPMORGAN CHASE & CO COMMON STOCK USD 1 507 $81,095 0.00% N/A N/A 936265K2L JPMORGAN CHASE BANK 611,000 $274,325 0.01% N/A 06/20/23 2588173EBJPM JPMORGAN CHASE BANK 34,074 $261,963 0.01% N/A N/A 021442K2L JPMORGAN CHASE BANK 1,436,766 $197,779 0.01% N/A 05/05/23 023237K2L JPMORGAN CHASE BANK 9,450,000,000 $167,708 0.01% N/A 12/15/22 008332K2L JPMORGAN CHASE BANK 1,145,474 $141,642 0.01% N/A 05/05/23 023260K2L JPMORGAN CHASE BANK 4,212,000 $135,797 0.01% N/A 06/20/26 2262530EBJPM JPMORGAN CHASE BANK 54,084 $130,342 0.01% N/A N/A 017501K2L JPMORGAN CHASE BANK 915,658 $65,695 0.00% N/A 05/05/23 B0X7DZ3EBJPM JPMORGAN CHASE BANK 2,512 $65,212 0.00% N/A N/A
Page 23 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
021008K2L JPMORGAN CHASE BANK 1,032,786 $63,834 0.00% N/A 05/05/23 021006K2L JPMORGAN CHASE BANK 961,319 $59,651 0.00% N/A 05/05/23 936222K2L JPMORGAN CHASE BANK 4,000,000 $58,872 0.00% N/A 06/16/26 020982K2L JPMORGAN CHASE BANK 1,152,388 $55,312 0.00% N/A 05/05/23 019536K2L JPMORGAN CHASE BANK 749,237 $53,755 0.00% N/A 05/05/23 2197137EBJPM JPMORGAN CHASE BANK 17,614 $52,984 0.00% N/A N/A 021013K2L JPMORGAN CHASE BANK 625,871 $50,482 0.00% N/A 05/05/23 019094K2L JPMORGAN CHASE BANK 980,722 $47,073 0.00% N/A 05/05/23 2701271EBJPM JPMORGAN CHASE BANK 17,958 $44,897 0.00% N/A N/A 021002K2L JPMORGAN CHASE BANK 1,036,063 $39,845 0.00% N/A 05/05/23 021001K2L JPMORGAN CHASE BANK 854,068 $38,458 0.00% N/A 05/05/23 017482K2L JPMORGAN CHASE BANK 680,118 $33,900 0.00% N/A 05/05/23 021295K2L JPMORGAN CHASE BANK 903,540 $33,336 0.00% N/A 05/05/23 020992K2L JPMORGAN CHASE BANK 664,316 $33,113 0.00% N/A 05/05/23 B01SD70EBJPM JPMORGAN CHASE BANK 7,794 $28,838 0.00% N/A N/A 017477K2L JPMORGAN CHASE BANK 534,244 $27,807 0.00% N/A 05/05/23 019526K2L JPMORGAN CHASE BANK 721,378 $27,743 0.00% N/A 05/05/23 017487K2L JPMORGAN CHASE BANK 643,500 $23,742 0.00% N/A 05/05/23 019535K2L JPMORGAN CHASE BANK 350,566 $21,753 0.00% N/A 05/05/23 023117K2L JPMORGAN CHASE BANK 102,017 $21,295 0.00% N/A 01/20/22 022381K2L JPMORGAN CHASE BANK 141,887 $21,227 0.00% N/A 05/05/23 020205K2L JPMORGAN CHASE BANK 470,329 $18,088 0.00% N/A 05/05/23 020204K2L JPMORGAN CHASE BANK 362,607 $16,328 0.00% N/A 05/05/23 022269K2L JPMORGAN CHASE BANK 419,760 $15,487 0.00% N/A 05/05/23 022861K2L JPMORGAN CHASE BANK 283,117 $12,749 0.00% N/A 05/05/23 022382K2L JPMORGAN CHASE BANK 77,186 $11,547 0.00% N/A 05/05/23 022359K2L JPMORGAN CHASE BANK 70,944 $10,613 0.00% N/A 05/05/23 018410K2L JPMORGAN CHASE BANK 69,513 $9,569 0.00% N/A 05/05/23 023139K2L JPMORGAN CHASE BANK 43,448 $9,069 0.00% N/A 01/20/22 023140K2L JPMORGAN CHASE BANK 43,448 $9,069 0.00% N/A 01/20/22 022539K2L JPMORGAN CHASE BANK 381,138 $8,693 0.00% N/A 05/05/23 022360K2L JPMORGAN CHASE BANK 56,779 $8,494 0.00% N/A 05/05/23 022867K2L JPMORGAN CHASE BANK 267,269 $8,255 0.00% N/A 05/05/23 022361K2L JPMORGAN CHASE BANK 51,977 $7,776 0.00% N/A 05/05/23 022937K2L JPMORGAN CHASE BANK 124,779 $7,303 0.00% N/A 05/05/23 023120K2L JPMORGAN CHASE BANK 34,669 $7,237 0.00% N/A 01/20/22 019069K2L JPMORGAN CHASE BANK 131,134 $6,294 0.00% N/A 05/05/23 022527K2L JPMORGAN CHASE BANK 632,921 $5,939 0.00% N/A 05/05/23 022358K2L JPMORGAN CHASE BANK 38,593 $5,774 0.00% N/A 05/05/23 023119K2L JPMORGAN CHASE BANK 22,905 $4,781 0.00% N/A 01/20/22 023123K2L JPMORGAN CHASE BANK 22,681 $4,735 0.00% N/A 01/20/22 023137K2L JPMORGAN CHASE BANK 21,736 $4,537 0.00% N/A 01/20/22 022379K2L JPMORGAN CHASE BANK 29,770 $4,454 0.00% N/A 05/05/23 022354K2L JPMORGAN CHASE BANK 28,389 $4,247 0.00% N/A 05/05/23 023128K2L JPMORGAN CHASE BANK 19,299 $4,029 0.00% N/A 01/20/22 022356K2L JPMORGAN CHASE BANK 25,989 $3,888 0.00% N/A 05/05/23 020995K2L JPMORGAN CHASE BANK 604,214 $3,799 0.00% N/A 05/05/23 023118K2L JPMORGAN CHASE BANK 17,334 $3,618 0.00% N/A 01/20/22 023135K2L JPMORGAN CHASE BANK 15,768 $3,291 0.00% N/A 01/20/22 022666K2L JPMORGAN CHASE BANK 347,069 $3,257 0.00% N/A 05/05/23 2886907EBJPM JPMORGAN CHASE BANK 5,972 $2,926 0.00% N/A N/A 020997K2L JPMORGAN CHASE BANK 99,077 $2,803 0.00% N/A 05/05/23 023136K2L JPMORGAN CHASE BANK 12,410 $2,591 0.00% N/A 01/20/22 022938K2L JPMORGAN CHASE BANK 84,400 $2,355 0.00% N/A 05/05/23 022537K2L JPMORGAN CHASE BANK 243,124 $2,282 0.00% N/A 05/05/23
Page 24 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
022355K2L JPMORGAN CHASE BANK 14,885 $2,227 0.00% N/A 05/05/23 020144K2L JPMORGAN CHASE BANK 264,075 $1,661 0.00% N/A 05/05/23 023083K2L JPMORGAN CHASE BANK 69,000,000,000 $1,586 0.00% N/A 12/15/22 023130K2L JPMORGAN CHASE BANK 7,063 $1,474 0.00% N/A 01/20/22 023138K2L JPMORGAN CHASE BANK 6,193 $1,293 0.00% N/A 01/20/22 JPM JPMORGAN CHASE BANK 0 $982 0.00% N/A N/A 023129K2L JPMORGAN CHASE BANK 4,327 $903 0.00% N/A 01/20/22 023141K2L JPMORGAN CHASE BANK 2,661 $555 0.00% N/A 01/20/22 022378K2L JPMORGAN CHASE BANK 2,881 $431 0.00% N/A 05/05/23 022357K2L JPMORGAN CHASE BANK 1,440 $216 0.00% N/A 05/05/23 GBPFINJPM JPMORGAN CHASE BANK 1 ($396) 0.00% N/A N/A 022145K2L JPMORGAN CHASE BANK 47,000 ($869) 0.00% N/A 12/20/21 023023K2L JPMORGAN CHASE BANK 33,000 ($918) 0.00% N/A 06/20/22 021533K2L JPMORGAN CHASE BANK 49,000 ($1,025) 0.00% N/A 12/20/21 022156K2L JPMORGAN CHASE BANK 71,000 ($1,313) 0.00% N/A 12/20/21 022146K2L JPMORGAN CHASE BANK 94,000 ($1,738) 0.00% N/A 12/20/21 022681K2L JPMORGAN CHASE BANK 63,000 ($1,753) 0.00% N/A 06/20/22 022775K2L JPMORGAN CHASE BANK 63,000 ($1,753) 0.00% N/A 06/20/22 021048K2L JPMORGAN CHASE BANK 34,848 ($2,144) 0.00% N/A 05/05/23 022674K2L JPMORGAN CHASE BANK 59,264 ($2,676) 0.00% N/A 05/05/23 022661K2L JPMORGAN CHASE BANK 105,000 ($2,922) 0.00% N/A 06/20/22 022876K2L JPMORGAN CHASE BANK 51,932 ($3,082) 0.00% N/A 05/05/23 021499K2L JPMORGAN CHASE BANK 318,000 ($3,516) 0.00% N/A 12/20/25 021671K2L JPMORGAN CHASE BANK 376,225 ($3,652) 0.00% N/A 05/05/23 021794K2L JPMORGAN CHASE BANK 73,000 ($5,914) 0.00% N/A 12/20/25 022875K2L JPMORGAN CHASE BANK 47,987 ($6,499) 0.00% N/A 05/05/23 018460K2L JPMORGAN CHASE BANK 389,000 ($6,669) 0.00% N/A 06/20/24 019301K2L JPMORGAN CHASE BANK 540,965 ($7,946) 0.00% N/A 05/05/23 022400K2L JPMORGAN CHASE BANK 117,000 ($9,238) 0.00% N/A 06/20/26 021218K2L JPMORGAN CHASE BANK 515,000 ($10,215) 0.00% N/A 12/20/25 021021K2L JPMORGAN CHASE BANK 622,501 ($11,361) 0.00% N/A 05/09/23 023045K2L JPMORGAN CHASE BANK 191,629 ($11,374) 0.00% N/A 05/05/23 020208K2L JPMORGAN CHASE BANK 803,973 ($12,727) 0.00% N/A 05/05/23 021347K2L JPMORGAN CHASE BANK 822,839 ($13,026) 0.00% N/A 05/05/23 BJDQQ87EBJPM JPMORGAN CHASE BANK 174,747 ($14,415) 0.00% N/A N/A USDFINJPM JPMORGAN CHASE BANK 1 ($14,475) 0.00% N/A N/A 018164K2L JPMORGAN CHASE BANK 998,904 ($14,673) 0.00% N/A 05/05/23 023233K2L JPMORGAN CHASE BANK 300,000 ($14,860) 0.00% N/A 12/20/23 021433K2L JPMORGAN CHASE BANK 264,126 ($15,676) 0.00% N/A 05/05/23 021810K2L JPMORGAN CHASE BANK 266,584 ($15,822) 0.00% N/A 05/05/23 022404K2L JPMORGAN CHASE BANK 233,950 ($15,937) 0.00% N/A 05/05/23 023070K2L JPMORGAN CHASE BANK 170,000 ($17,608) 0.00% N/A 06/20/26 018461K2L JPMORGAN CHASE BANK 960,000 ($18,913) 0.00% N/A 12/20/24 022082K2L JPMORGAN CHASE BANK 171,398 ($23,213) 0.00% N/A 05/05/23 023094K2L JPMORGAN CHASE BANK 1,731,000 ($26,564) 0.00% N/A 06/20/26 023040K2L JPMORGAN CHASE BANK 201,030 ($27,226) 0.00% N/A 05/05/23 021172K2L JPMORGAN CHASE BANK 1,773,953 ($28,082) 0.00% N/A 05/05/23 021173K2L JPMORGAN CHASE BANK 511,006 ($31,433) 0.00% N/A 05/05/23 021486K2L JPMORGAN CHASE BANK 588,562 ($34,932) 0.00% N/A 05/05/23 021019K2L JPMORGAN CHASE BANK 4,629,213 ($42,147) 0.00% N/A 05/09/23 022473K2L JPMORGAN CHASE BANK 311,916 ($42,244) 0.00% N/A 05/05/23 020676K2L JPMORGAN CHASE BANK 4,883,322 ($42,819) 0.00% N/A 05/09/23 022074K2L JPMORGAN CHASE BANK 332,466 ($45,027) 0.00% N/A 05/05/23 017515K2L JPMORGAN CHASE BANK 259,828 ($50,798) 0.00% N/A 05/05/23 022435K2L JPMORGAN CHASE BANK 395,893 ($53,617) 0.00% N/A 05/05/23
Page 25 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
022168K2L JPMORGAN CHASE BANK 467,874 ($63,366) 0.00% N/A 05/05/23 022065K2L JPMORGAN CHASE BANK 567,267 ($76,827) 0.00% N/A 05/05/23 936269K2L JPMORGAN CHASE BANK 235,000 ($81,515) 0.00% N/A 06/20/22 2160753EBJPM JPMORGAN CHASE BANK 87,790 ($111,923) -0.01% N/A N/A 2897040EBJPM JPMORGAN CHASE BANK 23,693 ($114,200) -0.01% N/A N/A 020171K2L JPMORGAN CHASE BANK 630,394 ($123,246) -0.01% N/A 05/05/23 020990K2L JPMORGAN CHASE BANK 872,695 ($170,617) -0.01% N/A 05/05/23 B85KFY9EBJPM JPMORGAN CHASE BANK 22,580 ($341,907) -0.02% N/A N/A SPXEBJPM JPMORGAN CHASE BANK (17,599) ($885,314) -0.05% N/A N/A 021378K2L JPMORGAN CHASE BANK 15,500,000 ($1,639,210) -0.09% N/A 12/20/25 BMFK8C6 JPMORGAN CHASE BANK NA CONVERTIBLE BOND ZERO CPN 1,600,000 $1,584,800 0.08% 0.00% 12/28/23 JBU1COM JPN 10Y BOND(OSE) BOND 13/SEP/2021 JBU1 COMDTY 7 ($10,922) 0.00% N/A 09/13/21 Y44680GC7 JSW STEEL LTD BOND FIXED 5.25% 13/APR/2022 USD 420,000 $429,450 0.02% 5.25% 04/13/22 BMYHV30 JUST EAT TAKEAWAY.COM NV CONVERTIBLE BOND FIXED 1,000,000 $1,182,763 0.06% 1.25% 04/30/26 BNNRD10 JUST EAT TAKEAWAY.COM NV CONVERTIBLE BOND FIXED 800,000 $885,260 0.05% 0.63% 02/09/28 48251UAF5 K HOVNANIAN ENTERPRISES INC BOND FIXED 7.75% 2,717,000 $2,894,189 0.15% 7.75% 02/15/26 48283NAA4 KADMON HOLDINGS INC CONVERTIBLE BOND FIXED 3.625% 856,000 $970,451 0.05% 3.63% 02/15/27 G52110106 KAIROS ACQUISITION CORP EQUITY WRT 31/DEC/2027 USD 7,007 $4,393 0.00% N/A 12/31/27 BYW5T47 KAISA GROUP HOLDINGS LTD CALLABLE BOND FIXED 470,000 $432,988 0.02% 9.38% 06/30/24 BL6C9H6 KAISA GROUP HOLDINGS LTD CALLABLE BOND FIXED 11.7% 200,000 $188,750 0.01% 11.70% 11/11/25 BMZ6C77 KAISA GROUP HOLDINGS LTD CALLABLE NOTES FIXED 946,000 $893,970 0.05% 11.25% 04/16/25 BJQRTM2 KAISA GROUP HOLDINGS LTD CALLABLE NOTES FIXED 588,000 $590,646 0.03% 11.25% 04/09/22 BN0YRY5 KAISA GROUP HOLDINGS LTD CALLABLE NOTES FIXED 200,000 $190,250 0.01% 9.75% 09/28/23 483379AA1 KALEYRA INC CALLABLE CONVERTIBLE BOND FIXED 6.125% 353,000 $379,037 0.02% 6.13% 06/01/26 485170302 KANSAS CITY SOUTHERN COMMON STOCK USD 0.01 29,959 $8,408,593 0.44% N/A N/A 2607647 KANSAS CITY SOUTHERN COMMON STOCK USD 0.01 8,085 $2,269,217 0.12% N/A N/A 48576A100 KARUNA THERAPEUTICS INC COMMON STOCK USD 0.00001 2,536 $301,530 0.02% N/A N/A 48576UAA4 KARYOPHARM THERAPEUTICS INC CONVERTIBLE BOND FIXED 969,000 $743,401 0.04% 3.00% 10/15/25 485859102 KATAPULT HOLDINGS INC COMMON STOCK USD 7,266 $35,204 0.00% N/A N/A Y45952AG6 KDB LIFE INSURANCE CO LTD CALLABLE BOND VARIABLE 200,000 $203,816 0.01% 7.50% 12/31/64 K0D0694 KDMN CALL USD 7.5 17/SEP/2021 (KDMN US 09/17/21 55 $550 0.00% N/A 09/17/21 49006L104 KENSINGTON CAPITAL ACQUISITION CORP II COMMON 19,299 $191,446 0.01% N/A N/A 49006L112 KENSINGTON CAPITAL ACQUISITION CORP II EQUITY WRT 14,970 $13,174 0.00% N/A 12/31/27 49255PAA1 KESTREL AIRCRAFT FUNDING LTD 2018-1A A 4.25% 302,743 $302,287 0.02% 4.25% 12/15/38 BMDKN56 KHOSLA VENTURES ACQUISITION CO COMMON STOCK USD 25,608 $252,751 0.01% N/A N/A 482504107 KHOSLA VENTURES ACQUISITION CO COMMON STOCK USD 19,947 $196,877 0.01% N/A N/A 482506102 KHOSLA VENTURES ACQUISITION CO III COMMON STOCK 25,776 $250,543 0.01% N/A N/A 49714K117 KINS TECHNOLOGY GROUP INC EQUITY WRT 31/DEC/2025 2,746 $1,675 0.00% N/A 12/31/25 KD56DB6 KIRK BEAUTY SUN GMBH CALLABLE BOND FIXED 8.25% 205,000 $240,251 0.01% 8.25% 10/01/26 48253T208 KKR ACQUISITION HOLDINGS I CORP UNIT USD 0.0001 14,588 $144,567 0.01% N/A N/A 48252XAE1 KKR CLO 23 LTD 23 F FLOATING 20/OCT/2031 398,000 $372,075 0.02% 7.98% 10/20/31 482480100 KLA CORP COMMON STOCK USD 0.001 6,172 $2,098,233 0.11% N/A N/A 500255AV6 KOHL'S CORP CALLABLE NOTES FIXED 5.55% 17/JUL/2045 568,000 $706,193 0.04% 5.55% 07/17/45 500255104 KOHL'S CORP COMMON STOCK USD 0.01 31,454 $1,805,460 0.09% N/A N/A KMU1ILQSW KOSPI2 INX FUT EQUITY INDEX 09/SEP/2021 KMU1 INDEX (59) ($98,250) -0.01% N/A 09/09/21 50077LAB2 KRAFT HEINZ FOODS CO CALLABLE NOTES FIXED 4.375% 170,000 $197,462 0.01% 4.38% 06/01/46 50077LAZ9 KRAFT HEINZ FOODS CO CALLABLE NOTES FIXED 4.875% 270,000 $336,335 0.02% 4.88% 10/01/49 B547X79 KRATON CORP COMMON STOCK USD 0.01 38,174 $1,607,889 0.08% N/A N/A 48275RAG2 KREF 2021-FL2 LTD 2021-FL2 C FLOATING 15/FEB/2039 1,400,000 $1,404,900 0.07% 2.09% 02/15/39 BMFPDW6 KRUNG THAI BANK PCL/CAYMAN ISLANDS CALLABLE NOTES 300,000 $303,569 0.02% 4.40% 12/31/64 K0D081A KSU CALL USD 280 17/SEP/2021 (KSU US 09/17/21 C280 19 $15,200 0.00% N/A 09/17/21 K0BEC7A KSU CALL USD 290 17/SEP/2021 (KSU US 09/17/21 C290 59 $17,700 0.00% N/A 09/17/21 N088AC8 KSU CALL USD 310 15/OCT/2021 (KSU US 10/15/21 C310 (19) ($2,660) 0.00% N/A 10/15/21 K0AA54E KSU CALL USD 310 17/SEP/2021 (KSU US 09/17/21 C310 (59) ($590) 0.00% N/A 09/17/21 K0C0793 KSU PUT USD 260 17/SEP/2021 (KSU US 09/17/21 P260 (59) ($7,670) 0.00% N/A 09/17/21
Page 26 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
BLC90T0 KUAISHOU TECHNOLOGY COMMON STOCK HKD 0.0000053 1,300 $14,185 0.00% N/A N/A 501575104 KYMERA THERAPEUTICS INC COMMON STOCK USD 0.0001 5,563 $345,685 0.02% N/A N/A G5346G109 L CATTERTON ASIA ACQUISITION CORP UNIT USD 0.0001 3,352 $33,067 0.00% N/A N/A BKP8G44 LAKESTAR SPAC I SE COMMON STOCK EUR 0.0192 2,805 $32,425 0.00% N/A N/A BKP8G55 LAKESTAR SPAC I SE EQUITY WRT 31/DEC/2025 EUR 1,058 $962 0.00% N/A 12/31/25 512807108 LAM RESEARCH CORP COMMON STOCK USD 0.001 122 $73,788 0.00% N/A N/A 51477A203 LANDCADIA HOLDINGS IV INC UNIT USD 0.0001 6,909 $68,675 0.00% N/A N/A 51818KAB6 LATAM FINANCE LTD CALLABLE NOTES FIXED 6.875% 400,000 $363,500 0.02% 6.88% 04/11/24 51818KAC4 LATAM FINANCE LTD CALLABLE NOTES FIXED 7% 1,000,000 $913,370 0.05% 7.00% 03/01/26 G54035129 LAZARD GROWTH ACQUISITION CORP I UNIT USD 0.0001 6,680 $65,664 0.00% N/A N/A G54094118 LDH GROWTH CORP I UNIT USD 0.0001 906 $8,951 0.00% N/A N/A G54085124 LEAD EDGE GROWTH OPPORTUNITIES LTD UNIT USD 0.0001 6,919 $68,636 0.00% N/A N/A Y9863ZAB8 LEADING AFFLUENCE LTD CALLABLE BOND FIXED 4.5% 600,000 $623,376 0.03% 4.50% 01/24/23 B3L8PZ3 LEBANESE REPUBLIC MEDIUM TERM NOTE FIXED 6.375% 2,680,000 $348,400 0.02% 6.38% 03/09/20 PAINTOPCO LECTA LIMITED SHARES 257,124 $0 0.00% N/A N/A 525221HA8 LEHMAN XS TRUST SERIES 2006-2N 2006-2N 1A1 26,130 $24,194 0.00% 0.60% 02/25/46 G5463T108 LEO HOLDINGS III CORP COMMON STOCK USD 0.0001 1,924 $18,990 0.00% N/A N/A G5463T124 LEO HOLDINGS III CORP EQUITY WRT 02/MAR/2028 USD 384 $278 0.00% N/A 03/02/28 583491AC9 LEONARDO US HOLDINGS INC CALLABLE NOTES FIXED 243,000 $286,740 0.02% 6.25% 01/15/40 BNYHF46 LERER HIPPEAU ACQUISITION CORP COMMON STOCK USD 15,913 $154,117 0.01% N/A N/A 526749106 LERER HIPPEAU ACQUISITION CORP COMMON STOCK USD 14,297 $138,466 0.01% N/A N/A BMF1012 LEVIATHAN BOND LTD CALLABLE NOTES FIXED 6.5% 145,000 $160,398 0.01% 6.50% 06/30/27 50202MAA0 LI AUTO INC PUTABLE CONVERTIBLE BOND FIXED 0.25% 161,000 $206,704 0.01% 0.25% 05/01/28 530307AA5 LIBERTY BROADBAND CORP CALL/PUT CONVERTIBLE BOND 2,624,000 $2,917,174 0.15% 2.75% 09/30/50 530307AC1 LIBERTY BROADBAND CORP CALL/PUT CONVERTIBLE BOND 490,000 $520,332 0.03% 1.25% 09/30/50 530715AL5 LIBERTY INTERACTIVE LLC CALLABLE CONVERTIBLE BOND 1,953,000 $1,513,575 0.08% 3.75% 02/15/30 530715AG6 LIBERTY INTERACTIVE LLC CALLABLE CONVERTIBLE BOND 1,259,000 $982,020 0.05% 4.00% 11/15/29 531229AK8 LIBERTY MEDIA CORP CALL/PUT CONVERTIBLE BOND FIXED 966,000 $1,120,260 0.06% 0.50% 12/01/50 531229AG7 LIBERTY MEDIA CORP CALL/PUT CONVERTIBLE BOND FIXED 85,000 $88,062 0.00% 2.13% 03/31/48 531229AJ1 LIBERTY MEDIA CORP CALL/PUT CONVERTIBLE BOND FIXED 24,000 $25,171 0.00% 2.75% 12/01/49 531229AB8 LIBERTY MEDIA CORP CONVERTIBLE BOND FIXED 1.375% 1,208,000 $1,688,509 0.09% 1.38% 10/15/23 531229AF9 LIBERTY MEDIA CORP-LIBERTY FORMULA ONE CONVERTIBLE 38,000 $53,343 0.00% 1.00% 01/30/23 531229870 LIBERTY MEDIA CORP-LIBERTY FORMULA ONE TRACKING 1,147 $52,406 0.00% N/A N/A 531229409 LIBERTY MEDIA CORP-LIBERTY SIRIUSXM TRACKING STK 119 $5,891 0.00% N/A N/A 53225HAA8 LIGADO NETWORKS LLC CALLABLE BOND VARIABLE 1,481,254 $1,423,855 0.07% 0.00% 11/01/23 53225HAC4 LIGADO NETWORKS LLC CALLABLE NOTES FIXED 17.5% 73,423 $55,334 0.00% 0.00% 05/01/24 53220KAF5 LIGAND PHARMACEUTICALS INC CONVERTIBLE BOND FIXED 4,000 $3,990 0.00% 0.75% 05/15/23 536797AG8 LITHIA MOTORS INC CALLABLE NOTES FIXED 3.875% 85,000 $89,233 0.00% 3.88% 06/01/29 G5509L101 LIVANOVA PLC COMMON STOCK USD 1 9,180 $759,094 0.04% N/A N/A 538034AU3 LIVE NATION ENTERTAINMENT INC CONVERTIBLE BOND 15,000 $16,963 0.00% 2.00% 02/15/25 53804W106 LIVE OAK ACQUISITION CORP II COMMON STOCK USD 15,126 $150,806 0.01% N/A N/A 53804W114 LIVE OAK ACQUISITION CORP II EQUITY WRT 6,752 $8,913 0.00% N/A 12/07/25 538126103 LIVE OAK MOBILITY ACQUISITION CORP COMMON STOCK 5,794 $56,492 0.00% N/A N/A 539183AA1 LIVONGO HEALTH INC CONVERTIBLE BOND FIXED 0.875% 80,000 $114,827 0.01% 0.88% 06/01/25 53946MAE7 LOANCORE 2018-CRE1 ISSUER LTD 2018-CRE1 B FLOATING 1,500,000 $1,502,641 0.08% 1.80% 05/15/28 53946MAJ6 LOANCORE 2018-CRE1 ISSUER LTD 2018-CRE1 D FLOATING 3,200,000 $3,202,908 0.17% 3.05% 05/15/28 G55555AD1 LOGAN GROUP CO LTD CALLABLE BOND FIXED 5.75% 600,000 $606,000 0.03% 5.75% 01/03/22 BMC0346 LOGAN GROUP CO LTD CALLABLE NOTES FIXED 4.7% 500,000 $495,035 0.03% 4.70% 07/06/26 BJXWW76 LOGAN GROUP CO LTD CALLABLE NOTES FIXED 6.5% 300,000 $306,953 0.02% 6.50% 07/16/23 54240F202 LONESTAR RESOURCES US INC COMMON STOCK USD 5,760 $58,666 0.00% N/A N/A G0Z1COM LONG GILT FUTURE BOND 29/DEC/2021 G Z1 COMDTY 90 ($84,879) 0.00% N/A 12/29/21 54319Q105 LONGVIEW ACQUISITION CORP II COMMON STOCK USD 21,624 $213,429 0.01% N/A N/A 54319Q113 LONGVIEW ACQUISITION CORP II EQUITY WRT 14,567 $18,063 0.00% N/A 05/10/26 7333378 LONZA GROUP AG COMMON STOCK CHF 1 647 $547,185 0.03% N/A N/A K52B916 LOW CALL USD 220 15/OCT/2021 (LOW US 10/15/21 C220 (1) ($124) 0.00% N/A 10/15/21
Page 27 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
548661107 LOWE'S COS INC COMMON STOCK USD 0.5 145 $29,564 0.00% N/A N/A BKDK0Z1 LOXAM SAS CALLABLE BOND FIXED 3.25% 14/JAN/2025 117,000 $139,783 0.01% 3.25% 01/14/25 BNNVRT8 LS FINANCE 2017 LTD CALLABLE BOND FIXED 4.8% 200,000 $195,538 0.01% 4.80% 06/18/26 BJR5P05 LS FINANCE 2017 LTD CALLABLE MEDIUM TERM NOTE 200,000 $199,263 0.01% 4.88% 07/15/24 55028BAH0 LUMINENT MORTGAGE TRUST 2006-7 2006-7 2A2 FLOATING 1,204,392 $1,231,896 0.06% 0.30% 12/25/36 55037AAB4 LUNDIN ENERGY FINANCE BV CALLABLE NOTES FIXED 3.1% 205,000 $208,189 0.01% 3.10% 07/15/31 4061412 LVMH MOET HENNESSY LOUIS VUITTON SE COMMON STOCK 216 $160,015 0.01% N/A N/A N53745100 LYONDELLBASELL INDUSTRIES NV COMMON STOCK USD 0.04 809 $81,183 0.00% N/A N/A 55818QAA6 MADISON PARK FUNDING XII LTD 2014-12A E FLOATING 1,510,000 $1,509,075 0.08% 5.23% 07/20/26 55819YAG5 MADISON PARK FUNDING XXVI LTD 2017-26A DR FLOATING 335,000 $332,928 0.02% 3.13% 07/29/30 55821TAG2 MADISON PARK FUNDING XXX LTD 2018-30A D FLOATING 255,000 $252,789 0.01% 2.63% 04/15/29 55953TAQ0 MAGNETITE XVIII LTD 2016-18A DR FLOATING 250,000 $250,348 0.01% 2.82% 11/15/28 55955DAA8 MAGNITE INC CONVERTIBLE BOND FIXED 0.25% 1,477,000 $1,261,001 0.07% 0.25% 03/15/26 BD3C8K9 MALAYAN BANKING BHD CALLABLE NOTES VARIABLE 200,000 $199,351 0.01% 3.90% 10/29/26 BM8K9S6 MALAYSIA WAKALA SUKUK BHD BOND FIXED 3.075% 700,000 $735,869 0.04% 3.08% 04/28/51 Y5S77DUM1 MANAPPURAM FINANCE LTD MEDIUM TERM NOTE FIXED 5.9% 300,000 $309,748 0.02% 5.90% 01/13/23 56400P706 MANNKIND CORP COMMON STOCK USD 0.01 6,532 $31,354 0.00% N/A N/A 56400PAP7 MANNKIND CORP CONVERTIBLE BOND FIXED 2.5% 1,208,000 $1,432,000 0.08% 2.50% 03/01/26 56564RAA8 MAPS 2018-1 LTD 2018-1A A 4.212% 15/MAY/2043 207,039 $208,571 0.01% 4.21% 05/15/43 56564RAB6 MAPS 2018-1 LTD 2018-1A B 5.193% 15/MAY/2043 172,421 $162,659 0.01% 5.19% 05/15/43 56576QAU2 MARATHON CLO V LTD 2013-5A CR FLOATING 21/NOV/2027 2,800,000 $2,711,304 0.14% 2.88% 11/21/27 57064N110 MARKFORGED HOLDING CORP EQUITY WRT 17/AUG/2025 USD 13,780 $21,635 0.00% N/A 08/17/25 G58411102 MARLIN TECHNOLOGY CORP COMMON STOCK USD 0.0001 14,394 $139,910 0.01% N/A N/A G58411110 MARLIN TECHNOLOGY CORP EQUITY WRT 05/MAR/2026 USD 4,798 $3,838 0.00% N/A 03/05/26 G58442123 MARQUEE RAINE ACQUISITION CORP EQUITY WRT 11,579 $8,108 0.00% N/A 12/01/25 571903BE2 MARRIOTT INTERNATIONAL INC/MD CALLABLE NOTES FIXED 115,000 $132,276 0.01% 4.63% 06/15/30 57164PAH9 MARRIOTT OWNERSHIP RESORTS INC CALLABLE NOTES 90,000 $91,004 0.00% 4.50% 06/15/29 57164YAC1 MARRIOTT VACATIONS WORLDWIDE CORP CONVERTIBLE BOND 595,000 $641,886 0.03% 0.00% 01/15/26 573874AG9 MARVELL TECHNOLOGY INC CALLABLE NOTES FIXED 2.95% 115,000 $119,873 0.01% 2.95% 04/15/31 573874104 MARVELL TECHNOLOGY INC COMMON STOCK USD 0.002 19,608 $1,199,814 0.06% N/A N/A 576323109 MASTEC INC COMMON STOCK USD 0.1 25,424 $2,324,771 0.12% N/A N/A 2155306 MASTEC INC COMMON STOCK USD 0.1 19,373 $1,771,467 0.09% N/A N/A 57636Q104 MASTERCARD INC COMMON STOCK USD 0.0001 15,495 $5,364,834 0.28% N/A N/A 576433A89 MASTR ADJUSTABLE RATE MORTGAGES TRUST 2005-6 921,999 $871,734 0.05% 3.14% 07/25/35 576433D52 MASTR ADJUSTABLE RATE MORTGAGES TRUST 2005-7 257,145 $186,641 0.01% 2.70% 09/25/35 576434MU5 MASTR ALTERNATIVE LOAN TRUST 2004-2 2004-2 8A4 108,447 $110,802 0.01% 5.50% 03/25/34 576434UQ5 MASTR ALTERNATIVE LOAN TRUST 2004-8 2004-8 2A1 6% 50,551 $52,089 0.00% 6.00% 09/25/34 57667L107 MATCH GROUP INC COMMON STOCK USD 0.001 23,892 $3,283,716 0.17% N/A N/A Y59075AG9 MCC HOLDING HONG KONG CORP LTD CALLABLE BOND 300,000 $304,503 0.02% 3.50% 12/31/64 580135101 MCDONALD'S CORP COMMON STOCK USD 0.01 1,141 $270,942 0.01% N/A N/A KCA1378 MCS PUT USD 10 17/DEC/2021 (MCS US 12/17/21 P10 47 $940 0.00% N/A 12/17/21 55283P106 MDH ACQUISITION CORP COMMON STOCK USD 0.0001 7,665 $75,194 0.00% N/A N/A 55283P114 MDH ACQUISITION CORP EQUITY WRT 02/FEB/2028 USD 3,832 $2,107 0.00% N/A 02/02/28 BJDX8X7 MEDALLIA INC COMMON STOCK USD 6,082 $205,389 0.01% N/A N/A BMYVTN8 MEITUAN CALLABLE NOTES FIXED 3.05% 28/OCT/2030 USD 300,000 $284,414 0.01% 3.05% 10/28/30 BGJW376 MEITUAN COMMON STOCK HKD 0.00001 500 $15,987 0.00% N/A N/A 58733R102 MERCADOLIBRE INC COMMON STOCK USD 0.001 133 $248,371 0.01% N/A N/A 59024UAE1 MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 1,972,132 $1,855,191 0.10% 0.40% 03/25/37 59064RAA7 MESA LABORATORIES INC CONVERTIBLE BOND FIXED 659,000 $757,059 0.04% 1.38% 08/15/25 59217GEN5 METROPOLITAN LIFE GLOBAL FUNDING I MEDIUM TERM 570,000 $568,771 0.03% 0.55% 06/07/24 592688105 METTLER-TOLEDO INTERNATIONAL INC COMMON STOCK USD 6,685 $10,380,669 0.54% N/A N/A 55282LAG1 MF1 2019-FL2 LTD 2019-FL2 C FLOATING 25/DEC/2034 2,400,000 $2,405,496 0.13% 2.16% 12/25/34 55282XAJ9 MF1 MULTIFAMILY HOUSING MORTGAGE LOAN TRUST 900,000 $906,230 0.05% 2.66% 07/15/36 595017AX2 MICROCHIP TECHNOLOGY INC CALLABLE NOTES FIXED 105,000 $104,950 0.01% 0.98% 09/01/24 594918104 MICROSOFT CORP COMMON STOCK USD 0.00000625 269 $81,206 0.00% N/A N/A
Page 28 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
594972408 MICROSTRATEGY INC COMMON STOCK USD 0.001 73 $50,684 0.00% N/A N/A 594972AD3 MICROSTRATEGY INC CONVERTIBLE BOND ZERO CPN 1,072,000 $855,174 0.04% 0.00% 02/15/27 60468T105 MIRATI THERAPEUTICS INC COMMON STOCK USD 0 4,296 $729,160 0.04% N/A N/A 60646V105 MISTER CAR WASH INC COMMON STOCK USD 0.01 18,307 $351,311 0.02% N/A N/A 606710AB7 MITEK SYSTEMS INC CONVERTIBLE BOND FIXED 0.75% 1,091,000 $1,360,447 0.07% 0.75% 02/01/26 60937P106 MONGODB INC COMMON STOCK USD 0.001 2,504 $981,142 0.05% N/A N/A 61225M102 MONTE ROSA THERAPEUTICS INC COMMON STOCK USD 9,015 $321,745 0.02% N/A N/A 615369105 MOODY'S CORP COMMON STOCK USD 0.01 12,564 $4,783,994 0.25% N/A N/A BJVNSS4EAMORMORGAN STANLEY 8,854 $355,389 0.02% N/A N/A 2427986EBMOR MORGAN STANLEY 22,877 $311,585 0.02% N/A N/A USDFMOR MORGAN STANLEY 308,814 $308,814 0.02% N/A N/A BH4HKS3EBMORMORGAN STANLEY 1,275,488 $137,171 0.01% N/A N/A 6309303EBMOR MORGAN STANLEY 638,281 $133,055 0.01% N/A N/A B1QH8P2EBMORMORGAN STANLEY 191,937 $128,157 0.01% N/A N/A 2144337EBMOR MORGAN STANLEY (11,828) $122,113 0.01% N/A N/A 0922320EBMOR MORGAN STANLEY 392,053 $109,467 0.01% N/A N/A 2607647EBMOR MORGAN STANLEY 8,682 $96,469 0.01% N/A N/A 021426K2L MORGAN STANLEY 1,399,617 $92,718 0.00% N/A 05/15/23 BJFFLV0EBMOR MORGAN STANLEY 19,108 $89,853 0.00% N/A N/A 022522K2L MORGAN STANLEY 406,308 $87,299 0.00% N/A 05/15/23 020700K2L MORGAN STANLEY 1,803,556 $83,112 0.00% N/A 05/15/23 022961K2L MORGAN STANLEY 799,041 $83,094 0.00% N/A 05/15/23 2640147EBMOR MORGAN STANLEY (10,649) $77,258 0.00% N/A N/A EURFMOR MORGAN STANLEY 58,287 $68,823 0.00% N/A N/A 007332K2L MORGAN STANLEY 1,709,196 $63,391 0.00% N/A 05/15/23 021516K2L MORGAN STANLEY 298,633 $52,074 0.00% N/A 05/15/23 5982200EAMOR MORGAN STANLEY 13,820 $49,759 0.00% N/A N/A 2793104EBMOR MORGAN STANLEY (12,577) $49,596 0.00% N/A N/A 021797K2L MORGAN STANLEY 486,333 $48,056 0.00% N/A 05/15/23 7123870EBMOR MORGAN STANLEY 20,839 $41,166 0.00% N/A N/A 019448K2L MORGAN STANLEY 704,678 $40,819 0.00% N/A 05/15/23 018782K2L MORGAN STANLEY 663,736 $38,448 0.00% N/A 05/15/23 BLLJ381EBMOR MORGAN STANLEY 411,789 $33,712 0.00% N/A N/A 020316K2L MORGAN STANLEY 626,171 $31,658 0.00% N/A 05/15/23 020698K2L MORGAN STANLEY 750,315 $31,445 0.00% N/A 05/15/23 022540K2L MORGAN STANLEY 356,782 $30,435 0.00% N/A 05/15/23 B0LCW08EBMORMORGAN STANLEY 32,567 $29,957 0.00% N/A N/A 008703K2L MORGAN STANLEY 771,242 $26,879 0.00% N/A 05/15/23 GBPFMOR MORGAN STANLEY 18,209 $25,034 0.00% N/A N/A 020315K2L MORGAN STANLEY 505,654 $23,775 0.00% N/A 05/15/23 MOR MORGAN STANLEY 0 $22,554 0.00% N/A N/A 021320K2L MORGAN STANLEY 485,388 $20,663 0.00% N/A 05/15/23 018539K2L MORGAN STANLEY 562,079 $19,228 0.00% N/A 05/15/23 STIEBMOR MORGAN STANLEY (396) $19,012 0.00% N/A N/A BDB6Q21EBMORMORGAN STANLEY 28,130 $18,700 0.00% N/A N/A 022975K2L MORGAN STANLEY 305,213 $16,975 0.00% N/A 05/15/23 022900K2L MORGAN STANLEY 384,796 $16,588 0.00% N/A 05/15/23 018632K2L MORGAN STANLEY 477,717 $16,342 0.00% N/A 05/15/23 019763K2L MORGAN STANLEY 469,080 $16,047 0.00% N/A 05/15/23 018644K2L MORGAN STANLEY 411,694 $14,084 0.00% N/A 05/15/23 020876K2L MORGAN STANLEY 236,997 $13,181 0.00% N/A 05/15/23 023047K2L MORGAN STANLEY 166,156 $13,065 0.00% N/A 05/15/23 020781K2L MORGAN STANLEY 628,287 $12,667 0.00% N/A 05/15/23 0604316EBMOR MORGAN STANLEY 31,229 $11,561 0.00% N/A N/A 022902K2L MORGAN STANLEY 256,729 $11,067 0.00% N/A 05/15/23
Page 29 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
021291K2L MORGAN STANLEY 157,269 $10,418 0.00% N/A 05/15/23 021798K2L MORGAN STANLEY 803,890 $10,315 0.00% N/A 05/15/23 018547K2L MORGAN STANLEY 298,226 $10,202 0.00% N/A 05/15/23 018619K2L MORGAN STANLEY 296,451 $10,141 0.00% N/A 05/15/23 022869K2L MORGAN STANLEY 310,756 $9,582 0.00% N/A 05/15/23 019449K2L MORGAN STANLEY 301,159 $9,047 0.00% N/A 05/15/23 007336K2L MORGAN STANLEY 183,369 $8,602 0.00% N/A 05/15/23 B0T9JZ5EBMOR MORGAN STANLEY 54,152 $8,264 0.00% N/A N/A 023021K2L MORGAN STANLEY 277,635 $8,261 0.00% N/A 05/15/23 019741K2L MORGAN STANLEY 234,629 $8,027 0.00% N/A 05/15/23 HKDFMOR MORGAN STANLEY 61,146 $7,862 0.00% N/A N/A 006910K2L MORGAN STANLEY 196,744 $7,297 0.00% N/A 05/15/23 007311K2L MORGAN STANLEY 152,140 $6,994 0.00% N/A 05/15/23 021079K2L MORGAN STANLEY 337,314 $6,801 0.00% N/A 05/15/23 3134865EBMOR MORGAN STANLEY 474,434 $6,742 0.00% N/A N/A MSPSHRTEBMOR MORGAN STANLEY (9,247) $6,681 0.00% N/A N/A 020878K2L MORGAN STANLEY 319,667 $6,445 0.00% N/A 05/15/23 019705K2L MORGAN STANLEY 166,654 $5,701 0.00% N/A 05/15/23 019706K2L MORGAN STANLEY 159,495 $5,456 0.00% N/A 05/15/23 018569K2L MORGAN STANLEY 156,597 $5,357 0.00% N/A 05/15/23 022372K2L MORGAN STANLEY 26,516 $4,949 0.00% N/A 05/15/23 6897217EBMOR MORGAN STANLEY 1,809 $4,771 0.00% N/A N/A B70DWB2EBMORMORGAN STANLEY 33,526 $4,265 0.00% N/A N/A 019688K2L MORGAN STANLEY 114,534 $3,918 0.00% N/A 05/15/23 022947K2L MORGAN STANLEY 119,120 $2,850 0.00% N/A 05/15/23 018559K2L MORGAN STANLEY 74,542 $2,550 0.00% N/A 05/15/23 018560K2L MORGAN STANLEY 67,147 $2,297 0.00% N/A 05/15/23 022948K2L MORGAN STANLEY 53,884 $1,879 0.00% N/A 05/15/23 022067K2L MORGAN STANLEY 323,647 $1,746 0.00% N/A 05/15/23 021514K2L MORGAN STANLEY 319,245 $1,723 0.00% N/A 05/15/23 022941K2L MORGAN STANLEY 61,049 $1,461 0.00% N/A 05/15/23 BN49111EBMORMORGAN STANLEY 2,647 $1,143 0.00% N/A N/A 023002K2L MORGAN STANLEY 167,876 $906 0.00% N/A 05/15/23 022889K2L MORGAN STANLEY 100,072 $540 0.00% N/A 05/15/23 CHFFINMOR MORGAN STANLEY 1 $526 0.00% N/A N/A 023063K2L MORGAN STANLEY 51,783 $279 0.00% N/A 05/15/23 SX86PEBMOR MORGAN STANLEY (252) $259 0.00% N/A N/A EURFINMOR MORGAN STANLEY 2 $44 0.00% N/A N/A 021650K2L MORGAN STANLEY 1,272 $16 0.00% N/A 05/15/23 7759435EBMOR MORGAN STANLEY 1,027 $15 0.00% N/A N/A 2989044EBMOR MORGAN STANLEY 0 ($0) 0.00% N/A N/A SGDFMOR MORGAN STANLEY (11) ($8) 0.00% N/A N/A 2911166EBMOR MORGAN STANLEY 0 ($35) 0.00% N/A N/A HKDFINMOR MORGAN STANLEY 1 ($56) 0.00% N/A N/A JPYFINMOR MORGAN STANLEY 1 ($97) 0.00% N/A N/A 6429201EBMOR MORGAN STANLEY 55,354 ($446) 0.00% N/A N/A B1WY233EBMORMORGAN STANLEY 85,701 ($501) 0.00% N/A N/A 0912332EBMOR MORGAN STANLEY 573 ($689) 0.00% N/A N/A 6420129EBMOR MORGAN STANLEY (98,928) ($825) 0.00% N/A N/A AUDFINMOR MORGAN STANLEY 1 ($992) 0.00% N/A N/A 007879K2L MORGAN STANLEY 104,663 ($1,081) 0.00% N/A 05/15/23 SGDFINMOR MORGAN STANLEY 1 ($1,583) 0.00% N/A N/A MSPSPRNEBMOR MORGAN STANLEY (877) ($2,035) 0.00% N/A N/A 023134K2L MORGAN STANLEY 21,884 ($2,192) 0.00% N/A 11/04/22 B3B8D04EBMORMORGAN STANLEY 10,663 ($2,682) 0.00% N/A N/A
Page 30 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
023133K2L MORGAN STANLEY 27,789 ($2,783) 0.00% N/A 11/04/22 B1VP947EBMORMORGAN STANLEY 5,618 ($3,268) 0.00% N/A N/A B28DTJ6EBMOR MORGAN STANLEY 12,651 ($3,472) 0.00% N/A N/A 021211K2L MORGAN STANLEY 808,000 ($4,542) 0.00% N/A 12/20/25 BMVL3W8EBMORMORGAN STANLEY 5,900 ($5,323) 0.00% N/A N/A 023122K2L MORGAN STANLEY 53,317 ($5,339) 0.00% N/A 11/04/22 023132K2L MORGAN STANLEY 54,524 ($5,460) 0.00% N/A 11/04/22 023124K2L MORGAN STANLEY 56,235 ($5,648) 0.00% N/A 11/04/22 GBPFINMOR MORGAN STANLEY 2 ($6,878) 0.00% N/A N/A 008594K2L MORGAN STANLEY 839,870 ($8,596) 0.00% N/A 05/15/23 AUDFMOR MORGAN STANLEY (12,713) ($9,300) 0.00% N/A N/A 022340K2L MORGAN STANLEY 293,033 ($9,582) 0.00% N/A 05/15/23 021788K2L MORGAN STANLEY 122,000 ($9,884) 0.00% N/A 12/20/25 021427K2L MORGAN STANLEY 365,123 ($11,735) 0.00% N/A 05/17/23 3208986EBMOR MORGAN STANLEY (11,471) ($11,990) 0.00% N/A N/A BYY5978EBMORMORGAN STANLEY 2,623 ($12,033) 0.00% N/A N/A MSHDGCWEBMORMORGAN STANLEY (2,779) ($13,265) 0.00% N/A N/A USDFINMOR MORGAN STANLEY 2 ($13,626) 0.00% N/A N/A 022462K2L MORGAN STANLEY 350,420 ($15,284) 0.00% N/A 05/17/23 023131K2L MORGAN STANLEY 161,025 ($16,125) 0.00% N/A 11/04/22 2878993EBMOR MORGAN STANLEY 11,828 ($16,247) 0.00% N/A N/A BVSS790EBMORMORGAN STANLEY 24,722 ($16,390) 0.00% N/A N/A BZ14BX5EBMORMORGAN STANLEY 21,988 ($18,422) 0.00% N/A N/A 021217K2L MORGAN STANLEY 948,000 ($18,803) 0.00% N/A 12/20/25 B616C79EBMORMORGAN STANLEY (828) ($21,304) 0.00% N/A N/A 007320K2L MORGAN STANLEY 681,895 ($22,372) 0.00% N/A 05/15/23 MSPSARKEBMOR MORGAN STANLEY (4,178) ($25,026) 0.00% N/A N/A 023149K2L MORGAN STANLEY 351,000 ($25,100) 0.00% N/A 06/20/26 BYX91H5EBMORMORGAN STANLEY (26,070) ($25,168) 0.00% N/A N/A 022232K2L MORGAN STANLEY 643,293 ($25,539) 0.00% N/A 05/17/23 MSPSKSSEBMOR MORGAN STANLEY (5,343) ($27,447) 0.00% N/A N/A 017852K2L MORGAN STANLEY 846,148 ($27,669) 0.00% N/A 05/15/23 022231K2L MORGAN STANLEY 874,082 ($28,043) 0.00% N/A 05/17/23 6873262EBMOR MORGAN STANLEY 250,944 ($28,212) 0.00% N/A N/A 021666K2L MORGAN STANLEY 718,344 ($28,568) 0.00% N/A 05/17/23 0575809EBMOR MORGAN STANLEY 226,853 ($33,453) 0.00% N/A N/A 021364K2L MORGAN STANLEY 1,209,421 ($35,787) 0.00% N/A 05/17/23 022545K2L MORGAN STANLEY 1,128,562 ($36,301) 0.00% N/A 05/17/23 022467K2L MORGAN STANLEY 1,211,545 ($38,743) 0.00% N/A 05/17/23 2210959EBMOR MORGAN STANLEY (4,789) ($38,977) 0.00% N/A N/A 3398649EBMOR MORGAN STANLEY 1,771,570 ($39,599) 0.00% N/A N/A BYTBXV3EBMORMORGAN STANLEY 64,454 ($50,012) 0.00% N/A N/A 023121K2L MORGAN STANLEY 525,198 ($52,594) 0.00% N/A 11/04/22 023283K2L MORGAN STANLEY 328,453 ($52,849) 0.00% N/A 05/15/23 MSHDGTAEBMOR MORGAN STANLEY (12,653) ($55,256) 0.00% N/A N/A 2073022EBMOR MORGAN STANLEY (6,425) ($55,803) 0.00% N/A N/A B29LCJ0EBMOR MORGAN STANLEY 30,139 ($59,531) 0.00% N/A N/A MSPSFEREBMOR MORGAN STANLEY (3,235) ($61,763) 0.00% N/A N/A 022431K2L MORGAN STANLEY 1,442,308 ($63,090) 0.00% N/A 05/17/23 MSPSXPOEBMOR MORGAN STANLEY (12,094) ($63,305) 0.00% N/A N/A 5253973EBMOR MORGAN STANLEY 662 ($65,266) 0.00% N/A N/A 017465K2L MORGAN STANLEY 1,432,790 ($68,447) 0.00% N/A 05/15/23 022883K2L MORGAN STANLEY 2,218,399 ($71,301) 0.00% N/A 05/17/23 B1Y9TB3EBMORMORGAN STANLEY 54,835 ($94,080) 0.00% N/A N/A 022469K2L MORGAN STANLEY 2,290,426 ($99,900) -0.01% N/A 05/17/23
Page 31 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
2359506EBMOR MORGAN STANLEY (23,439) ($99,926) -0.01% N/A N/A 022468K2L MORGAN STANLEY 2,669,666 ($105,543) -0.01% N/A 05/17/23 022430K2L MORGAN STANLEY 2,851,932 ($113,336) -0.01% N/A 05/17/23 3127489EBMOR MORGAN STANLEY (225,064) ($119,885) -0.01% N/A N/A 022547K2L MORGAN STANLEY 2,772,888 ($121,294) -0.01% N/A 05/17/23 MSPSPRMEBMOR MORGAN STANLEY (7,249) ($160,492) -0.01% N/A N/A MSPSVODEBMOR MORGAN STANLEY (10,586) ($182,037) -0.01% N/A N/A 022546K2L MORGAN STANLEY 5,275,003 ($209,629) -0.01% N/A 05/17/23 2567741EBMOR MORGAN STANLEY (20,998) ($229,198) -0.01% N/A N/A MSPSXLUEBMOR MORGAN STANLEY (27,805) ($245,103) -0.01% N/A N/A 5505072EBMOR MORGAN STANLEY 2,192 ($298,449) -0.02% N/A N/A MSPSSPYEBMOR MORGAN STANLEY (6,023) ($347,593) -0.02% N/A N/A 022885K2L MORGAN STANLEY 10,008,129 ($437,566) -0.02% N/A 05/17/23 SX5EEBMOR MORGAN STANLEY (218) ($447,328) -0.02% N/A N/A 2173933EBMOR MORGAN STANLEY 53,000 ($489,190) -0.03% N/A N/A 61762TAH9 MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 340,000 $255,083 0.01% 4.50% 08/15/46 61747YEB7 MORGAN STANLEY CALLABLE MEDIUM TERM NOTE VARIABLE 575,000 $576,233 0.03% 0.79% 01/22/25 617459AJ1 MORGAN STANLEY CAPITAL I TRUST 2011-C2 2011-C2 D 78,286 $76,332 0.00% 5.39% 06/15/44 617459AK8 MORGAN STANLEY CAPITAL I TRUST 2011-C2 2011-C2 E 250,000 $203,955 0.01% 5.39% 06/15/44 617446448 MORGAN STANLEY COMMON STOCK USD 0.01 790 $82,500 0.00% N/A N/A 61965RAB1 MOSS CREEK RESOURCES HOLDINGS INC CALLABLE NOTES 515,000 $468,658 0.02% 10.50% 05/15/27 61965RAA3 MOSS CREEK RESOURCES HOLDINGS INC CALLABLE NOTES 373,000 $319,146 0.02% 7.50% 01/15/26 61975GAA5 MOTEL 6 TRUST 2017-M6MZ 2017-M6MZ M FLOATING 168,262 $164,496 0.01% 7.02% 08/15/24 G6293A103 MOTIVE CAPITAL CORP COMMON STOCK USD 0.0001 25,382 $246,967 0.01% N/A N/A G6293A111 MOTIVE CAPITAL CORP EQUITY WRT 09/DEC/2025 USD 4,614 $3,460 0.00% N/A 12/09/25 620076307 MOTOROLA SOLUTIONS INC COMMON STOCK USD 0.01 221 $53,973 0.00% N/A N/A 553368AA9 MP MATERIALS CORP CONVERTIBLE BOND FIXED 0.25% 1,161,000 $1,184,485 0.06% 0.25% 04/01/26 K542CEA MS CALL USD 110 15/OCT/2021 (MS US 10/15/21 C110 (6) ($948) 0.00% N/A 10/15/21 553514AL4 MSBAM COMMERCIAL MORTGAGE SECURITIES TRUST 505,000 $403,550 0.02% 4.43% 10/15/30 55354GAQ3 MSCI INC CALLABLE NOTES FIXED 3.25% 15/AUG/2033 110,000 $113,619 0.01% 3.25% 08/15/33 G5709C109 MSD ACQUISITION CORP COMMON STOCK USD 0.0001 4,955 $48,262 0.00% N/A N/A G5709C125 MSD ACQUISITION CORP EQUITY WRT 13/MAY/2023 USD 991 $1,318 0.00% N/A 05/13/23 K54CD65 MSFT CALL USD 320 15/OCT/2021 (MSFT US 10/15/21 (1) ($170) 0.00% N/A 10/15/21 62752R100 MUSIC ACQUISITION CORP/THE COMMON STOCK USD 0.0001 8,590 $83,065 0.00% N/A N/A 62752R118 MUSIC ACQUISITION CORP/THE EQUITY WRT 4,295 $3,049 0.00% N/A 02/05/28 62828M2B6 MUTHOOT FINANCE LTD MEDIUM TERM NOTE 300,000 $308,250 0.02% 4.40% 09/02/23 62828M2A8 MUTHOOT FINANCE LTD MEDIUM TERM NOTE FIXED 6.125% 800,000 $830,000 0.04% 6.13% 10/31/22 NQU1IDX NASDAQ 100 E-MINI EQUITY INDEX 17/SEP/2021 NQU1 28 $404,982 0.02% N/A 09/17/21 632307104 NATERA INC COMMON STOCK USD 0.0001 18,460 $2,186,218 0.11% N/A N/A 63633DAF1 NATIONAL HEALTH INVESTORS INC CALLABLE NOTES FIXED 45,000 $44,617 0.00% 3.00% 02/01/31 63883KAB1 NATURA COSMETICOS SA CALLABLE NOTES FIXED 4.125% 200,000 $205,569 0.01% 4.13% 05/03/28 62886HBA8 NCL CORP LTD CALLABLE NOTES FIXED 5.875% 270,000 $271,013 0.01% 5.88% 03/15/26 62888HAA7 NCL FINANCE LTD CALLABLE NOTES FIXED 6.125% 95,000 $95,619 0.01% 6.13% 03/15/28 HAFD122 NDX PUT USD 13600 17/SEP/2021 (IXU21P Y 13600.00 (3) ($3,480) 0.00% N/A 09/17/21 HB74229 NDX PUT USD 14800 17/SEP/2021 (IXU21P Y 14800.00 3 $12,570 0.00% N/A 09/17/21 7123870 NESTLE SA COMMON STOCK CHF 0.1 48,551 $6,131,450 0.32% N/A N/A 64110D104 NETAPP INC COMMON STOCK USD 0.001 1,000 $88,930 0.00% N/A N/A 64110LAV8 NETFLIX INC CALLABLE NOTES FIXED 4.875% 305,000 $365,460 0.02% 4.88% 06/15/30 64110LAS5 NETFLIX INC CALLABLE NOTES FIXED 4.875% 100,000 $117,003 0.01% 4.88% 04/15/28 64110LAU0 NETFLIX INC CALLABLE NOTES FIXED 5.375% 15,000 $18,467 0.00% 5.38% 11/15/29 64110LAT3 NETFLIX INC CALLABLE NOTES FIXED 5.875% 95,000 $117,922 0.01% 5.88% 11/15/28 64110LAX4 NETFLIX INC CALLABLE NOTES FIXED 6.375% 110,000 $141,087 0.01% 6.38% 05/15/29 64157F103 NEVRO CORP COMMON STOCK USD 0.001 5,034 $614,148 0.03% N/A N/A BJVS9L9 NEW FRONTIER HEALTH CORP COMMON STOCK USD 0.0001 211,615 $2,378,553 0.12% N/A N/A BN7RDR2 NEW METRO GLOBAL LTD CALLABLE NOTES FIXED 4.625% 300,000 $297,000 0.02% 4.63% 10/15/25
Page 32 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
BMFR139 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC 300,000 $268,777 0.01% 2.13% 07/02/25 651639106 NEWMONT CORP COMMON STOCK USD 1.6 1,388 $80,490 0.00% N/A N/A 65336K103 NEXSTAR MEDIA GROUP INC COMMON STOCK USD 0.01 268 $40,133 0.00% N/A N/A 65341B106 NEXTERA ENERGY PARTNERS LP COMMON STOCK USD 35,661 $2,850,384 0.15% N/A N/A BNGY4Q0 NEXTERA ENERGY PARTNERS LP COMMON STOCK USD 20,248 $1,618,423 0.08% N/A N/A G65317128 NEXTGEN ACQUISITION CORP II EQUITY WRT 31/MAR/2027 4,785 $6,747 0.00% N/A 03/31/27 65413D105 NIGHTDRAGON ACQUISITION CORP COMMON STOCK USD 1,848 $17,981 0.00% N/A N/A BM8JPC9 NIGHTDRAGON ACQUISITION CORP UNIT USD 0.00001 31,852 $314,061 0.02% N/A N/A 654106103 NIKE INC COMMON STOCK USD 0 1,605 $264,408 0.01% N/A N/A NKU1IDX NIKKEI 225 (OSE) EQUITY INDEX 09/SEP/2021 NKU1 15 ($14,546) 0.00% N/A 09/09/21 654110105 NIKOLA CORP COMMON STOCK USD 0.0001 8,106 $84,546 0.00% N/A N/A 62914VAD8 NIO INC PUTABLE CONVERTIBLE BOND FIXED 0.5% 250,000 $208,750 0.01% 0.50% 02/01/27 62914VAC0 NIO INC PUTABLE CONVERTIBLE BOND ZERO CPN 1,723,000 $1,483,429 0.08% 0.00% 02/01/26 65473P105 NISOURCE INC COMMON STOCK USD 0.01 11,740 $289,391 0.02% N/A N/A 65473P121 NISOURCE INC PUBLIC USD 100 2,500 $257,900 0.01% N/A N/A K52AE44 NKE CALL USD 180 15/OCT/2021 (NKE US 10/15/21 C180 (3) ($564) 0.00% N/A 10/15/21 G66904A NKLA CALL USD 12.5 21/JAN/2022 (NKLA US 01/21/22 97 $17,169 0.00% N/A 01/21/22 M08D42A NKLA CALL USD 14 21/JAN/2022 (NKLA US 01/21/22 C14 139 $20,155 0.00% N/A 01/21/22 M083D23 NKLA CALL USD 16 21/JAN/2022 (NKLA US 01/21/22 C16 141 $15,510 0.00% N/A 01/21/22 G6691D4 NKLA CALL USD 17.5 21/JAN/2022 (NKLA US 01/21/22 47 $4,465 0.00% N/A 01/21/22 G669A15 NKLA PUT USD 10 21/JAN/2022 (NKLA US 01/21/22 P10 (188) ($43,992) 0.00% N/A 01/21/22 M0920E6 NKLA PUT USD 11 21/JAN/2022 (NKLA US 01/21/22 P11 (48) ($14,112) 0.00% N/A 01/21/22 G669336 NKLA PUT USD 12.5 21/JAN/2022 (NKLA US 01/21/22 (95) ($37,525) 0.00% N/A 01/21/22 G6691DE NKLA PUT USD 7.5 21/JAN/2022 (NKLA US 01/21/22 (97) ($10,573) 0.00% N/A 01/21/22 65536RAH9 NOMURA HOME EQUITY LOAN INC HOME EQUITY LOAN TRUST 2,130,382 $2,116,957 0.11% 0.64% 03/25/36 65540WCD9 NOMURA RESECURITIZATION TRUST 2015-4R 2015-4R 5A2 1,708,611 $1,413,339 0.07% 1.44% 03/26/36 BMGWW30 NONGFU SPRING CO LTD COMMON STOCK HKD 0.1 2,206 $11,674 0.00% N/A N/A 655844108 NORFOLK SOUTHERN CORP COMMON STOCK USD 1 287 $72,766 0.00% N/A N/A G66139109 NORTH ATLANTIC ACQUISITION CORP COMMON STOCK USD 9,429 $91,650 0.00% N/A N/A G66139125 NORTH ATLANTIC ACQUISITION CORP EQUITY WRT 3,143 $2,357 0.00% N/A 10/20/25 66516U119 NORTHERN GENESIS ACQUISITION CORP II EQUITY WRT 1,518 $1,389 0.00% N/A 12/31/27 66573W115 NORTHERN STAR INVESTMENT CORP II EQUITY WRT 6,202 $7,753 0.00% N/A 01/31/28 668771108 NORTONLIFELOCK INC COMMON STOCK 0.01 3,723 $98,883 0.01% N/A N/A G66721104 NORWEGIAN CRUISE LINE HOLDINGS LTD COMMON STOCK 1,629 $42,093 0.00% N/A N/A 670002401 NOVAVAX INC COMMON STOCK USD 0.01 3,664 $874,011 0.05% N/A N/A 670001AE6 NOVELIS CORP CALLABLE NOTES FIXED 4.75% 135,000 $143,944 0.01% 4.75% 01/30/30 670100205 NOVO NORDISK A/S ADR USD 16,037 $1,603,219 0.08% N/A N/A 67012W104 NOVUS CAPITAL CORP II COMMON STOCK USD 0.0001 23,967 $232,240 0.01% N/A N/A 67012W112 NOVUS CAPITAL CORP II EQUITY WRT USD 7,989 $7,828 0.00% N/A 12/31/27 M13A0A1 NQX PUT USD 2935 17/SEP/2021 (HTU21P Y 2935.00 US 53 $40,810 0.00% N/A 09/17/21 Y6421XAV0 NTPC LTD MEDIUM TERM NOTE FIXED 4.75% 03/OCT/2022 300,000 $312,314 0.02% 4.75% 10/03/22 2402121 NUANCE COMMUNICATIONS INC COMMON STOCK USD 0.001 150,975 $8,311,174 0.44% N/A N/A 67020Y100 NUANCE COMMUNICATIONS INC COMMON STOCK USD 0.001 3,967 $218,383 0.01% N/A N/A 67080M103 NURIX THERAPEUTICS INC COMMON STOCK USD 9,830 $316,428 0.02% N/A N/A 67059NAB4 NUTANIX INC CONVERTIBLE BOND ZERO CPN 15/JAN/2023 1,557,000 $1,643,457 0.09% 0.00% 01/15/23 670704105 NUVASIVE INC COMMON STOCK USD 0.001 11,193 $695,533 0.04% N/A N/A 670704AL9 NUVASIVE INC NOTES 51,000 $52,585 0.00% 1.00% 06/01/23 BMGRQS8 NUVEI CORP COMMON STOCK CAD 36,434 $4,627,118 0.24% N/A N/A M81D0A8 NVDA CALL USD 247.5 15/OCT/2021 (NVDA US 10/15/21 (3) ($927) 0.00% N/A 10/15/21 67066GAL8 NVIDIA CORP CALLABLE NOTES FIXED 0.584% 515,000 $516,719 0.03% 0.58% 06/14/24 67066G104 NVIDIA CORP COMMON STOCK USD 0.001 1,108 $248,026 0.01% N/A N/A N6596X109 NXP SEMICONDUCTORS NV COMMON STOCK USD 382 $82,180 0.00% N/A N/A K5302EE NXPI CALL USD 230 15/OCT/2021 (NXPI US 10/15/21 (2) ($730) 0.00% N/A 10/15/21 G6715X103 OAKTREE ACQUISITION CORP II COMMON STOCK USD 5,379 $52,822 0.00% N/A N/A 67401PAC2 OAKTREE SPECIALTY LENDING CORP CALLABLE NOTES 35,000 $35,371 0.00% 2.70% 01/15/27
Page 33 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
BN0W697 OBOTECH ACQUISITION SE COMMON STOCK 6,199 $70,560 0.00% N/A N/A BN29YD6 OBOTECH ACQUISITION SE EQUITY WRT 30/APR/2026 EUR 2,066 $1,952 0.00% N/A 04/30/26 67092TAE4 OCP CLO 2016-12 LTD 2016-12A DR FLOATING 495,000 $497,963 0.03% 5.08% 10/18/28 67112QAA4 OCP CLO 2018-15 LTD 2018-15A D FLOATING 355,000 $355,457 0.02% 5.98% 07/20/31 67572YBU5 OCTAGON INVESTMENT PARTNERS XXII LTD 2014-1A CRR 620,000 $618,760 0.03% 2.04% 01/22/30 BNHQ2T4 OI MOVEL SA CALLABLE NOTES FIXED 8.75% 30/JUL/2026 900,000 $933,570 0.05% 8.75% 07/30/26 678026AJ4 OIL STATES INTERNATIONAL INC CONVERTIBLE BOND 89,000 $86,087 0.00% 4.75% 04/01/26 680710100 OLINK HOLDING AB ADR USD 4,667 $149,391 0.01% N/A N/A 681936100 OMEGA HEALTHCARE INVESTORS INC REIT USD 0.1 2,384 $79,936 0.00% N/A N/A 682143102 OMEROS CORP COMMON STOCK USD 0.01 611 $9,959 0.00% N/A N/A 682143AG7 OMEROS CORP CONVERTIBLE BOND FIXED 5.25% 686,000 $816,349 0.04% 5.25% 02/15/26 68237L105 ONE EQUITY PARTNERS OPEN WATER I CORP COMMON STOCK 3,245 $31,460 0.00% N/A N/A 68237L113 ONE EQUITY PARTNERS OPEN WATER I CORP EQUITY WRT 4,512 $3,227 0.00% N/A 12/31/27 N0647C1 ONEM CALL USD 30 15/OCT/2021 (ONEM US 10/15/21 C30 27 $1,350 0.00% N/A 10/15/21 68268LAA5 ONEMAIN FINANCIAL ISSUANCE TRUST 2015-3 2015-3A A 66,106 $66,273 0.00% 3.63% 11/20/28 68268LAB3 ONEMAIN FINANCIAL ISSUANCE TRUST 2015-3 2015-3A B 135,000 $135,533 0.01% 4.16% 11/20/28 68268W103 ONEMAIN HOLDINGS INC COMMON STOCK USD 0.01 1,310 $75,757 0.00% N/A N/A 683712AA1 OPENDOOR TECHNOLOGIES INC CONVERTIBLE BOND FIXED 1,911,000 $2,140,320 0.11% 0.25% 08/15/26 68389X105 ORACLE CORP COMMON STOCK USD 0.01 889 $79,237 0.00% N/A N/A B19FR01 ORBCOMM INC COMMON STOCK USD 0.001 389,854 $4,479,422 0.23% N/A N/A 68560EAB4 ORBIA ADVANCE CORP SAB DE CV CALLABLE NOTES FIXED 225,000 $228,999 0.01% 2.88% 05/11/31 MBF0888 ORCL CALL USD 95 15/OCT/2021 (ORCL US 10/15/21 C95 (6) ($738) 0.00% N/A 10/15/21 68622P109 ORIC PHARMACEUTICALS INC COMMON STOCK USD 0.0001 14,048 $310,320 0.02% N/A N/A G6780C125 ORION BIOTECH OPPORTUNITIES CORP UNIT USD 0.0001 24,660 $245,120 0.01% N/A N/A 671044105 OSI SYSTEMS INC COMMON STOCK USD 0 15 $1,484 0.00% N/A N/A 671044AD7 OSI SYSTEMS INC CONVERTIBLE BOND FIXED 1.25% 1,888,000 $2,004,365 0.11% 1.25% 09/01/22 69007TAC8 OUTFRONT MEDIA CAPITAL LLC / OUTFRONT MEDIA 120,000 $121,653 0.01% 4.63% 03/15/30 690145107 OUTSET MEDICAL INC COMMON STOCK USD 0.001 10,370 $511,137 0.03% N/A N/A G68458AB7 OVERSEAS CHINESE TOWN ASIA HOLDINGS LTD CALLABLE 300,000 $310,245 0.02% 4.50% 12/31/64 292505AD6 OVINTIV INC 25,000 $33,273 0.00% 6.50% 08/15/34 698900AG2 OVINTIV INC CALLABLE BOND FIXED 7.2% 01/NOV/2031 10,000 $13,255 0.00% 7.20% 11/01/31 292505AG9 OVINTIV INC CALLABLE NOTES FIXED 6.5% 01/FEB/2038 10,000 $13,839 0.00% 6.50% 02/01/38 292505AE4 OVINTIV INC CALLABLE NOTES FIXED 6.625% 55,000 $75,651 0.00% 6.63% 08/15/37 012873AK1 OVINTIV INC CALLABLE NOTES FIXED 7.375% 5,000 $6,702 0.00% 7.38% 11/01/31 012873AH8 OVINTIV INC CALLABLE NOTES FIXED 8.125% 30,000 $41,000 0.00% 8.13% 09/15/30 69121KAG9 OWL ROCK CAPITAL CORP CALLABLE NOTES FIXED 2.875% 225,000 $226,433 0.01% 2.88% 06/11/28 69121KAE4 OWL ROCK CAPITAL CORP CALLABLE NOTES FIXED 3.4% 430,000 $450,248 0.02% 3.40% 07/15/26 694308JJ7 PACIFIC GAS AND ELECTRIC CO CALLABLE BOND FIXED 285,000 $257,322 0.01% 3.50% 08/01/50 694308JN8 PACIFIC GAS AND ELECTRIC CO CALLABLE BOND FIXED 20,000 $21,204 0.00% 4.95% 07/01/50 694308HL4 PACIFIC GAS AND ELECTRIC CO CALLABLE MEDIUM TERM 150,000 $147,617 0.01% 4.30% 03/15/45 69700MAA7 PALMER SQUARE CLO 2018-3 LTD 2018-3A D FLOATING 300,000 $299,730 0.02% 4.52% 08/15/26 697435AF2 PALO ALTO NETWORKS INC CONVERTIBLE BOND FIXED 540,000 $869,024 0.05% 0.38% 06/01/25 69916DAE9 PARALLEL 2018-2 LTD 2018-2A B FLOATING 20/OCT/2031 440,000 $441,096 0.02% 2.28% 10/20/31 70202LAA0 PARSONS CORP CONVERTIBLE BOND FIXED 0.25% 152,000 $153,936 0.01% 0.25% 08/15/25 G04119106 PATHFINDER ACQUISITION CORP COMMON STOCK USD 4,741 $46,699 0.00% N/A N/A BM9JB75 PATHFINDER ACQUISITION CORP UNIT USD 0.0001 37,702 $374,381 0.02% N/A N/A G04119114 PATHFINDER ACQUISITION CORP UNIT USD 0.0001 11,580 $114,989 0.01% N/A N/A 703343AB9 PATRICK INDUSTRIES INC CONVERTIBLE BOND FIXED 1% 59,000 $66,400 0.00% 1.00% 02/01/23 70434P103 PAYA HOLDINGS INC COMMON STOCK USD 0.0001 9,391 $90,623 0.00% N/A N/A 70450Y103 PAYPAL HOLDINGS INC COMMON STOCK USD 0.0001 22,570 $6,515,056 0.34% N/A N/A BYW36M8 PAYPAL HOLDINGS INC COMMON STOCK USD 0.0001 16,751 $4,835,344 0.25% N/A N/A 69318FAK4 PBF HOLDING CO LLC / PBF FINANCE CORP CALLABLE 504,000 $486,990 0.03% 9.25% 05/15/25 70509VAA8 PEBBLEBROOK HOTEL TRUST CONVERTIBLE BOND FIXED 1,345,000 $1,493,308 0.08% 1.75% 12/15/26 BNG2CW6 PEGASUS ACQUISITION CO EUROPE BV COMMON STOCK EUR 2,386 $27,440 0.00% N/A N/A BNG2D23 PEGASUS ACQUISITION CO EUROPE BV EQUITY WRT 795 $666 0.00% N/A 04/27/26
Page 34 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
BNG2CX7 PEGASUS ACQUISITION CO EUROPE BV UNIT EUR 0.01 164,785 $1,930,133 0.10% N/A N/A 70614WAA8 PELOTON INTERACTIVE INC CONVERTIBLE BOND ZERO CPN 397,000 $359,760 0.02% 0.00% 02/15/26 707569AV1 PENN NATIONAL GAMING INC CALLABLE NOTES FIXED 70,000 $70,001 0.00% 4.13% 07/01/29 707569AU3 PENN NATIONAL GAMING INC CONVERTIBLE BOND FIXED 35,000 $124,548 0.01% 2.75% 05/15/26 70932AAD5 PENNYMAC CORP CONVERTIBLE BOND FIXED 5.5% 2,409,000 $2,455,674 0.13% 5.50% 11/01/24 70932AAE3 PENNYMAC CORP CONVERTIBLE BOND FIXED 5.5% 1,323,000 $1,361,451 0.07% 5.50% 03/15/26 713448108 PEPSICO INC COMMON STOCK USD 0.017 497 $77,726 0.00% N/A N/A G7008B113 PERIDOT ACQUISITION CORP II UNIT USD 0.0001 3,696 $36,221 0.00% N/A N/A 713895100 PERIPHAS CAPITAL PARTNERING CORP COMMON STOCK USD 16,968 $409,777 0.02% N/A N/A 713895118 PERIPHAS CAPITAL PARTNERING CORP EQUITY WRT 73 $109 0.00% N/A 12/10/28 71531R109 PERSHING SQUARE TONTINE HOLDINGS LTD COMMON STOCK 4,589 $90,541 0.00% N/A N/A 71639TAB2 PETIQ INC CONVERTIBLE BOND FIXED 4% 01/JUN/2026 434,000 $524,446 0.03% 4.00% 06/01/26 K54AD95 PETQ CALL USD 29 15/OCT/2021 (PETQ US 10/15/21 C29 27 $1,553 0.00% N/A 10/15/21 K54F5F2 PETQ CALL USD 30 15/OCT/2021 (PETQ US 10/15/21 C30 27 $1,080 0.00% N/A 10/15/21 BF8H9M2 PETROLEOS MEXICANOS BOND FIXED 7.19% 12/SEP/2024 4,690,000 $223,535 0.01% 7.19% 09/12/24 BV9GKM7 PETROLEOS MEXICANOS BOND FIXED 7.47% 12/NOV/2026 64,270,000 $2,850,673 0.15% 7.47% 11/12/26 71654QDE9 PETROLEOS MEXICANOS CALLABLE BOND FIXED 5.95% 1,290,000 $1,266,651 0.07% 5.95% 01/28/31 706451BG5 PETROLEOS MEXICANOS CALLABLE BOND FIXED 6.625% 560,000 $543,189 0.03% 6.63% 06/15/35 BD3NBC5 PETROLEOS MEXICANOS CALLABLE MEDIUM TERM NOTE 2,612,000 $2,298,952 0.12% 6.75% 09/21/47 MEE01F6 PFE CALL USD 55 15/OCT/2021 (PFE US 10/15/21 C55 (7) ($91) 0.00% N/A 10/15/21 717081103 PFIZER INC COMMON STOCK USD 0.05 1,587 $73,113 0.00% N/A N/A K532C7E PG CALL USD 150 15/OCT/2021 (PG US 10/15/21 C150 (2) ($110) 0.00% N/A 10/15/21 2689560 PG&E CORP COMMON STOCK USD 0 522,235 $4,788,895 0.25% N/A N/A 69331C108 PG&E CORP COMMON STOCK USD 0 104,215 $955,652 0.05% N/A N/A BKV1VJ7 PHARMING GROUP NV CONVERTIBLE BOND FIXED 3% 1,000,000 $1,002,756 0.05% 3.00% 01/21/25 71944F106 PHREESIA INC COMMON STOCK USD 0.01 17,386 $1,243,968 0.07% N/A N/A 72147KAG3 PILGRIM'S PRIDE CORP CALLABLE NOTES FIXED 3.5% 215,000 $219,879 0.01% 3.50% 03/01/32 B5L3PZ2 PILGRIM'S PRIDE CORP COMMON STOCK USD 0.01 65,555 $1,825,051 0.10% N/A N/A 722304102 PINDUODUO INC ADR USD 0.00002 142 $14,203 0.00% N/A N/A G7S24C103 PIONEER MERGER CORP COMMON STOCK USD 0.0001 3,024 $29,907 0.00% N/A N/A G7S24C111 PIONEER MERGER CORP EQUITY WRT 31/DEC/2027 USD 10,154 $10,052 0.00% N/A 12/31/27 72703PAA1 PLANET FITNESS MASTER ISSUER LLC 2018-1A A2I 641,850 $646,081 0.03% 4.26% 09/05/48 72815G116 PLAYSTUDIOS INC 356 $297 0.00% N/A 11/30/27 69353Y103 PMV PHARMACEUTICALS INC COMMON STOCK USD 0.00001 10,690 $324,442 0.02% N/A N/A G7154B107 POEMA GLOBAL HOLDINGS CORP COMMON STOCK USD 14,014 $135,375 0.01% N/A N/A G7154B115 POEMA GLOBAL HOLDINGS CORP EQUITY WRT 31/DEC/2027 7,007 $5,129 0.00% N/A 12/31/27 BF1GHX3 POLY REAL ESTATE FINANCE LTD CALLABLE BOND FIXED 200,000 $206,224 0.01% 3.95% 02/05/23 BNC0LN8 POLYPEPTIDE GROUP AG COMMON STOCK CHF 0.01 2,790 $404,245 0.02% N/A N/A G71707106 PONTEM CORP COMMON STOCK USD 0.0001 23,805 $230,909 0.01% N/A N/A G71707122 PONTEM CORP EQUITY WRT 31/DEC/2027 USD 7,935 $5,943 0.00% N/A 12/31/27 73278L105 POOL CORP COMMON STOCK USD 0.001 10,080 $4,982,544 0.26% N/A N/A G71716107 POPULATION HEALTH INVESTMENT CO INC COMMON STOCK 1,918 $18,739 0.00% N/A N/A BN7CS72 POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP 7,913 $80,317 0.00% N/A N/A BMCMKX0 POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP 1,978 $4,015 0.00% N/A 02/12/28 G7209M108 POWERED BRANDS COMMON STOCK USD 0.0001 5,395 $52,601 0.00% N/A N/A BN936V3 POWERLONG REAL ESTATE HOLDINGS LTD CALLABLE BOND 300,000 $299,250 0.02% 4.00% 07/25/22 BL6KM15 POWERLONG REAL ESTATE HOLDINGS LTD CALLABLE BOND 300,000 $292,500 0.02% 4.90% 05/13/26 BD5L4V7 POWERLONG REAL ESTATE HOLDINGS LTD CALLABLE BOND 200,000 $200,199 0.01% 4.88% 09/15/21 69354NAB2 PRA GROUP INC CONVERTIBLE BOND FIXED 3.5% 460,000 $511,151 0.03% 3.50% 06/01/23 74006W108 PRAXIS PRECISION MEDICINES INC COMMON STOCK USD 5,719 $113,637 0.01% N/A N/A 74139CAB8 PRETIUM RESOURCES INC CONVERTIBLE BOND FIXED 2.25% 2,093,000 $2,131,930 0.11% 2.25% 03/15/22 G7255E109 PRIMAVERA CAPITAL ACQUISITION CORP COMMON STOCK 4,804 $46,359 0.00% N/A N/A G7255E117 PRIMAVERA CAPITAL ACQUISITION CORP EQUITY WRT 2,402 $1,465 0.00% N/A 01/19/26 BLKNZP5 PRIMO WATER CORP COMMON STOCK CAD 0 140,991 $2,504,000 0.13% N/A N/A 74167P108 PRIMO WATER CORP COMMON STOCK CAD 0 869 $15,433 0.00% N/A N/A
Page 35 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
742718109 PROCTER & GAMBLE CO/THE COMMON STOCK USD 0 2,353 $335,044 0.02% N/A N/A 74331MAE6 PROGRESS RESIDENTIAL 2018-SFR3 TRUST 2018-SFR3 E 100,000 $100,279 0.01% 4.87% 10/17/35 N71542109 PROQR THERAPEUTICS NV COMMON STOCK USD 1 53,011 $354,113 0.02% N/A N/A 74346YAH6 PROS HOLDINGS INC CONVERTIBLE BOND FIXED 1% 493,000 $493,083 0.03% 1.00% 05/15/24 683234AT5 PROVINCE OF ONTARIO CANADA BOND FIXED 1.05% 565,000 $570,282 0.03% 1.05% 04/14/26 BFNBPB0 PROVINCIA DE BUENOS AIRES/GOVERNMENT BONDS BOND 30,965,000 $160,943 0.01% 13165.75% 04/12/25 BF37682 PROVINCIA DE BUENOS AIRES/GOVERNMENT BONDS BOND 27,380,000 $151,006 0.01% 0.00% 05/31/22 74460D109 PUBLIC STORAGE REIT USD 0.1 157 $50,807 0.00% N/A N/A BNVTX63 PUNCH FINANCE PLC CALLABLE BOND FIXED 6.125% 305,000 $429,104 0.02% 6.13% 06/30/26 74624MAB8 PURE STORAGE INC CONVERTIBLE BOND FIXED 0.125% 110,000 $128,483 0.01% 0.13% 04/15/23 74709Q119 PWP FORWARD ACQUISITION CORP I EQUITY WRT 4,319 $3,757 0.00% N/A 03/09/26 74709Q200 PWP FORWARD ACQUISITION CORP I UNIT USD 0.0001 9,077 $89,318 0.00% N/A N/A BP094M1 QATAR PETROLEUM CALLABLE BOND FIXED 3.3% 800,000 $828,040 0.04% 3.30% 07/12/51 N72482123 QIAGEN NV COMMON STOCK USD 0.01 11,650 $650,303 0.03% N/A N/A 74736K101 QORVO INC COMMON STOCK USD 0.0001 7,430 $1,397,063 0.07% N/A N/A 74736A103 QTS REALTY TRUST INC REIT USD 8,567 $668,055 0.04% N/A N/A 747525103 QUALCOMM INC COMMON STOCK USD 0.0001 1,634 $239,691 0.01% N/A N/A 2150204 QUANTA SERVICES INC COMMON STOCK USD 0.00001 36,510 $3,727,671 0.20% N/A N/A 74762E102 QUANTA SERVICES INC COMMON STOCK USD 0.00001 16,944 $1,729,982 0.09% N/A N/A 74834L100 QUEST DIAGNOSTICS INC COMMON STOCK USD 0.01 518 $79,166 0.00% N/A N/A J6S87BAX6 RAKUTEN GROUP INC CALLABLE BOND VARIABLE USD 1000 200,000 $208,500 0.01% 6.25% 12/31/64 760985N98 RAMP SERIES 2004-RS1 TRUST 2004-RS1 MII2 FLOATING 1,271,942 $1,329,760 0.07% 2.26% 01/25/34 75340L104 RAPID MICRO BIOSYSTEMS INC COMMON STOCK USD 0.01 3,746 $70,799 0.00% N/A N/A 753422AE4 RAPID7 INC CONVERTIBLE BOND FIXED 0.25% 1,157,000 $1,520,067 0.08% 0.25% 03/15/27 74927WAC8 RBSGC MORTGAGE LOAN TRUST 2007-A 2007-A 2A2 6% 1,526,967 $1,528,856 0.08% 6.00% 01/25/37 75606DAN1 REALOGY GRP LLC/REALOGY CO SR EXC 144A NT26 887,000 $888,350 0.05% 0.25% 06/15/26 88339PAC5 REALREAL INC/THE CONVERTIBLE BOND FIXED 1% 504,000 $409,298 0.02% 1.00% 03/01/28 BK0RR76 REC LTD MEDIUM TERM NOTE FIXED 1.0% 20/JUN/2022 400,000 $418,636 0.02% 3.38% 07/25/24 74947MAC6 REC LTD MEDIUM TERM NOTE FIXED 4.75% 19/MAY/2023 1,765,000 $1,863,425 0.10% 4.75% 05/19/23 Y722RCAA4 REC LTD MEDIUM TERM NOTE FIXED 5.25% 13/NOV/2023 600,000 $647,505 0.03% 5.25% 11/13/23 G7417R105 REDBALL ACQUISITION CORP COMMON STOCK USD 0.0001 11,829 $115,688 0.01% N/A N/A 758075AC9 REDWOOD TRUST INC CONVERTIBLE BOND FIXED 4.75% 856,000 $869,375 0.05% 4.75% 08/15/23 G7484L106 REINVENT TECHNOLOGY PARTNERS Y COMMON STOCK USD 25,856 $254,682 0.01% N/A N/A G7484L122 REINVENT TECHNOLOGY PARTNERS Y EQUITY WRT 36,113 $45,141 0.00% N/A 12/31/28 G7500M120 RENEW ENERGY GLOBAL PLC EQUITY WRT 23/AUG/2026 USD 2,798 $3,637 0.00% N/A 08/23/26 76029L100 REPAY HOLDINGS CORP COMMON STOCK USD 0.0001 37,651 $866,350 0.05% N/A N/A 759916109 REPLIGEN CORP COMMON STOCK USD 0.01 2,743 $776,214 0.04% N/A N/A BKWCVZ5 REPUBLIC OF ANGOLA MEDIUM TERM NOTE FIXED 8% 902,000 $952,792 0.05% 8.00% 11/26/29 BKWCW07 REPUBLIC OF ANGOLA MEDIUM TERM NOTE FIXED 9.125% 2,660,000 $2,786,496 0.15% 9.13% 11/26/49 BD446H7 REPUBLIC OF COLOMBIA BOND FIXED 7% 30/JUN/2032 COP 11,552,600,000 $3,002,529 0.16% 7.00% 06/30/32 BMGR2C4 REPUBLIC OF ECUADOR BOND STEP CPN 31/JUL/2030 USD 2,959,315 $2,641,218 0.14% 5.00% 07/31/30 BMGR2G8 REPUBLIC OF ECUADOR BOND STEP CPN 31/JUL/2035 USD 1,849,740 $1,341,080 0.07% 1.00% 07/31/35 KDE02D0 REPUBLIC OF GHANA BOND FIXED 8.875% 07/MAY/2042 980,000 $977,872 0.05% 8.88% 05/07/42 BMTR942 REPUBLIC OF GHANA BOND FIXED 8.875% 07/MAY/2042 650,000 $648,589 0.03% 8.88% 05/07/42 BJ1DJB4 REPUBLIC OF GHANA BOND FIXED 8.95% 26/MAR/2051 USD 1,837,000 $1,808,618 0.09% 8.95% 03/26/51 BCV7LV1 REPUBLIC OF INDONESIA BOND FIXED 8.375% 75,655,000,000 $6,081,575 0.32% 8.38% 03/15/34 465410BX5 REPUBLIC OF ITALY BOND FIXED 2.375% 17/OCT/2024 622,000 $647,669 0.03% 2.38% 10/17/24 BF8F0J0 REPUBLIC OF PERU BOND FIXED 6.15% 12/AUG/2032 PEN 13,287,000 $3,208,849 0.17% 6.15% 08/12/32 BH6XNR9 REPUBLIC OF SOUTH AFRICA BOND FIXED 8% 31/JAN/2030 74,383,183 $4,894,786 0.26% 8.00% 01/31/30 BP4JP79 REPUBLIC OF SOUTH AFRICA BOND FIXED 8.25% 17,027,697 $1,082,868 0.06% 8.25% 03/31/32 BFDTGL1 REPUBLIC OF SOUTH AFRICA BOND FIXED 8.5% 34,875,000 $2,085,478 0.11% 8.50% 01/31/37 B8KPK77 REPUBLIC OF ZAMBIA BOND FIXED 5.375% 20/SEP/2022 3,060,000 $2,349,915 0.12% 5.38% 09/20/22 BZ03GH2 REPUBLIC OF ZAMBIA BOND FIXED 8.97% 30/JUL/2027 726,000 $573,259 0.03% 8.97% 07/30/27 76113MAB1 RESIDENTIAL ASSET SECURITIZATION TRUST 2006-R1 39,955 $11,981 0.00% 0.48% 01/25/46 761330109 REVANCE THERAPEUTICS INC COMMON STOCK USD 0.001 22,871 $612,485 0.03% N/A N/A
Page 36 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
761330AB5 REVANCE THERAPEUTICS INC CONVERTIBLE BOND FIXED 770,000 $864,941 0.05% 1.75% 02/15/27 76111XTB9 RFMSI SERIES 2005-SA1 TRUST 2005-SA1 1A1 VARIABLE 78,928 $50,605 0.00% 3.62% 03/25/35 G75529118 RICE ACQUISITION CORP II UNIT USD 0.0001 19,180 $195,252 0.01% N/A N/A 76680R206 RINGCENTRAL INC COMMON STOCK USD 0.0001 163 $41,118 0.00% N/A N/A H6EA7E7 RLGY PUT USD 15 17/SEP/2021 (RLGY US 09/17/21 P15 57 $513 0.00% N/A 09/17/21 G76088106 RMG ACQUISITION CORP III COMMON STOCK USD 0.0001 31,995 $308,752 0.02% N/A N/A G76088122 RMG ACQUISITION CORP III EQUITY WRT 31/DEC/2027 6,399 $5,759 0.00% N/A 12/31/27 BMYSD82 RMG ACQUISITION CORP III UNIT USD 0.0001 3,985 $39,252 0.00% N/A N/A 7110388 ROCHE HOLDING AG COMMON STOCK CHF 0 17,842 $7,164,547 0.38% N/A N/A 74841CAB7 ROCKET MORTGAGE LLC / QUICKEN LOANS CO-ISSUER INC 600,000 $614,618 0.03% 3.88% 03/01/31 74841CAA9 ROCKET MORTGAGE LLC / QUICKEN LOANS CO-ISSUER INC 540,000 $552,150 0.03% 3.63% 03/01/29 74840LAB8 ROCKET MORTGAGE LLC CALLABLE NOTES FIXED 5.25% 520,000 $549,250 0.03% 5.25% 01/15/28 BMBZLY8 ROSECLIFF ACQUISITION CORP I UNIT USD 0.0001 80,629 $798,227 0.04% N/A N/A 778296103 ROSS STORES INC COMMON STOCK USD 0.01 654 $77,434 0.00% N/A N/A N063BF6 ROST CALL USD 135 15/OCT/2021 (ROST US 10/15/21 (3) ($540) 0.00% N/A 10/15/21 78016EZQ3 ROYAL BANK OF CANADA CALLABLE MEDIUM TERM NOTE 525,000 $526,326 0.03% 1.20% 04/27/26 780153BG6 ROYAL CARIBBEAN CRUISES LTD CALLABLE NOTES FIXED 380,000 $383,289 0.02% 5.50% 04/01/28 780153BH4 ROYAL CARIBBEAN CRUISES LTD CALLABLE NOTES FIXED 55,000 $53,694 0.00% 4.25% 07/01/26 V7780T103 ROYAL CARIBBEAN CRUISES LTD COMMON STOCK USD 0.01 1,110 $91,830 0.00% N/A N/A 74981W206 RXR ACQUISITION CORP UNIT USD 0.0001 21,365 $211,514 0.01% N/A N/A 783549108 RYDER SYSTEM INC COMMON STOCK USD 0.5 983 $78,139 0.00% N/A N/A ESU1IDX S&P500 EMINI FUT EQUITY INDEX 17/SEP/2021 ESU1 (5) ($380,632) -0.02% N/A 09/17/21 BNKVR46 SA GLOBAL SUKUK LTD CALLABLE NOTES FIXED 2.694% 400,000 $409,927 0.02% 2.69% 06/17/31 785592AX4 SABINE PASS LIQUEFACTION LLC CALLABLE NOTES FIXED 405,000 $469,544 0.02% 4.50% 05/15/30 79466L302 SALESFORCE.COM INC COMMON STOCK USD 0.001 12,780 $3,390,151 0.18% N/A N/A 2310525 SALESFORCE.COM INC COMMON STOCK USD 0.001 2,258 $598,980 0.03% N/A N/A B927YP4 SAMARCO MINERACAO SA CALLABLE NOTES FIXED 4.125% 935,000 $655,669 0.03% 4.13% 11/01/22 BFWH1Y4 SAMARCO MINERACAO SA CALLABLE NOTES FIXED 5.75% 616,000 $467,390 0.02% 5.75% 10/24/23 B4Q1532 SAMSONITE INTERNATIONAL SA COMMON STOCK HKD 0.01 52,538 $110,093 0.01% N/A N/A 4846288 SAP SE COMMON STOCK EUR 0 72,634 $10,910,355 0.57% N/A N/A G7823W102 SARISSA CAPITAL ACQUISITION CORP COMMON STOCK USD 19,223 $187,809 0.01% N/A N/A BYZ2QP5 SARTORIUS STEDIM BIOTECH COMMON STOCK EUR 0.2 4,655 $2,823,577 0.15% N/A N/A 80414L2L8 SAUDI ARABIAN OIL CO CALLABLE BOND FIXED 3.25% 430,000 $422,819 0.02% 3.25% 11/24/50 805564PG0 SAXON ASSET SECURITIES TRUST 2003-3 2003-3 M3 368,751 $365,441 0.02% 3.01% 12/25/33 78409G206 SCE TRUST IV CALLABLE PREFERRED STOCK VARIABLE USD 983 $24,673 0.00% N/A N/A 78410V200 SCE TRUST VI CALLABLE PREFERRED STOCK FIXED CPN 5% 5,437 $135,436 0.01% N/A N/A 808641203 SCIENCE STRATEGIC ACQUISITION CORP ALPHA UNIT USD 8,577 $84,912 0.00% N/A N/A 80874YBC3 SCIENTIFIC GAMES INTERNATIONAL INC CALLABLE NOTES 300,000 $323,760 0.02% 7.00% 05/15/28 80874YBE9 SCIENTIFIC GAMES INTERNATIONAL INC CALLABLE NOTES 80,000 $89,400 0.00% 7.25% 11/15/29 G31067104 SCION TECH GROWTH I COMMON STOCK USD 0.0001 14,361 $139,733 0.01% N/A N/A G31067112 SCION TECH GROWTH I EQUITY WRT 01/NOV/2025 USD 1 4,787 $3,552 0.00% N/A 11/01/25 G31070124 SCION TECH GROWTH II UNIT USD 0.0001 3,266 $32,333 0.00% N/A N/A BJMXTM4 SCIPLAY CORP COMMON STOCK USD 0.001 69,669 $1,303,507 0.07% N/A N/A 784065112 SCP & CO HEALTHCARE ACQUISITION CO EQUITY WRT 7,888 $5,089 0.00% N/A 01/27/28 G79448208 SCVX CORP COMMON STOCK USD 0.0001 9,559 $95,112 0.00% N/A N/A 81181C104 SEAGEN INC COMMON STOCK USD 0.001 6,507 $1,090,573 0.06% N/A N/A 81441XAD6 SECURITY NATIONAL MORTGAGE LOAN TRUST 2007-1 60,944 $60,974 0.00% 0.43% 04/25/37 81762P102 SERVICENOW INC COMMON STOCK USD 0.001 5,117 $3,293,506 0.17% N/A N/A 81789WAE6 SEVEN STICKS CLO LTD 2016-1A DR FLOATING 980,000 $979,943 0.05% 6.33% 07/15/28 4824778 SGS SA COMMON STOCK CHF 1 286 $898,852 0.05% N/A N/A BKPJWG1 SGX TREASURY I PTE LTD CONVERTIBLE BOND ZERO CPN 1,400,000 $1,687,764 0.09% 0.00% 03/01/24 2801836 SHAW COMMUNICATIONS INC COMMON STOCK CAD 0 141,210 $4,155,770 0.22% N/A N/A 824348106 SHERWIN-WILLIAMS CO/THE COMMON STOCK USD 1 42,988 $13,054,166 0.68% N/A N/A 82452TAA5 SHIFT TECHNOLOGIES INC CONVERTIBLE BOND FIXED 405,000 $465,750 0.02% 4.75% 05/15/26 82452JAC3 SHIFT4 PAYMENTS INC CONVERTIBLE BOND FIXED 0.5% 142,000 $145,380 0.01% 0.50% 08/01/27
Page 37 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
G81043AN4 SHIMAO GROUP HOLDINGS LTD CALLABLE BOND FIXED 444,000 $446,187 0.02% 6.38% 10/15/21 82489T104 SHOCKWAVE MEDICAL INC COMMON STOCK USD 0.001 8,166 $1,749,239 0.09% N/A N/A 82509L107 SHOPIFY INC COMMON STOCK CAD 1,602 $2,442,698 0.13% N/A N/A Y7T61VXQ2 SHRIRAM TRANSPORT FINANCE CO LTD MEDIUM TERM NOTE 300,000 $303,375 0.02% 5.70% 02/27/22 Y7758EEC1 SHRIRAM TRANSPORT FINANCE CO LTD MEDIUM TERM NOTE 200,000 $205,572 0.01% 5.95% 10/24/22 82657M105 SIGHT SCIENCES INC COMMON STOCK USD 0.001 1,165 $33,074 0.00% N/A N/A G81355102 SILVER CREST ACQUISITION CORP COMMON STOCK USD 4,329 $42,467 0.00% N/A N/A G81355128 SILVER CREST ACQUISITION CORP EQUITY WRT 2,164 $1,147 0.00% N/A 03/31/28 784309AA4 S-JETS 2017-1 LTD 2017-1 A 3.967% 15/AUG/2042 632,638 $628,021 0.03% 3.97% 08/15/42 83088M102 SKYWORKS SOLUTIONS INC COMMON STOCK USD 0.25 993 $182,176 0.01% N/A N/A G8210L121 SLAM CORP EQUITY WRT 31/DEC/2027 USD 9,452 $6,700 0.00% N/A 12/31/27 G8210L113 SLAM CORP UNIT USD 0.0001 8,496 $83,516 0.00% N/A N/A 78443CAJ3 SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-A 120,000 $120,949 0.01% 3.59% 06/15/32 78443CAN4 SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-B 245,000 $247,165 0.01% 2.81% 03/15/33 78443CAP9 SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-B 50,000 $50,073 0.00% 2.96% 03/15/33 83189DAC4 SMB PRIVATE EDUCATION LOAN TRUST 2017-B 2017-B A2B 79,940 $80,314 0.00% 0.85% 10/15/35 BKPFSV6 SMC GLOBAL POWER HOLDINGS CORP CALLABLE BOND 300,000 $302,055 0.02% 5.45% 12/31/64 83192H106 SMILEDIRECTCLUB INC COMMON STOCK USD 3,314 $18,227 0.00% N/A N/A 83192HAA4 SMILEDIRECTCLUB INC CONVERTIBLE BOND ZERO CPN 2,146,000 $1,522,372 0.08% 0.00% 02/01/26 B1WY233 SMITHS GROUP PLC COMMON STOCK GBP 37.5 31,917 $633,456 0.03% N/A N/A 83304A106 SNAP INC COMMON STOCK USD 0.00001 2,173 $165,387 0.01% N/A N/A G8354H126 SOARING EAGLE ACQUISITION CORP COMMON STOCK USD 29,173 $290,855 0.02% N/A N/A G82514103 SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP IV COMMON 14,700 $145,824 0.01% N/A N/A G8251L105 SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP VI COMMON 65,461 $644,791 0.03% N/A N/A 83363K102 SOCIAL LEVERAGE ACQUISITION CORP I COMMON STOCK 5,046 $48,744 0.00% N/A N/A BMT9FP1 SOCIAL LEVERAGE ACQUISITION CORP I UNIT USD 0.0001 18,743 $184,431 0.01% N/A N/A 83368RAY8 SOCIETE GENERALE SA CALLABLE MEDIUM TERM NOTE 600,000 $628,159 0.03% 3.65% 07/08/35 78471WAC9 SOFI CONSUMER LOAN PROGRAM 2018-2 TRUST 2018-2 B 157,298 $158,442 0.01% 3.79% 04/26/27 83406HAC2 SOFI CONSUMER LOAN PROGRAM 2018-4 TRUST 2018-4 C 266,518 $270,668 0.01% 4.17% 11/26/27 78470NAC0 SOFI PROFESSIONAL LOAN PROGRAM 2015-D LLC 2015-D B 102,007 $102,905 0.01% 3.59% 10/26/37 78469PAC8 SOFI PROFESSIONAL LOAN PROGRAM 2016-A LLC 2016-A B 27,337 $27,616 0.00% 3.57% 01/26/38 BWC52Q6 SOLAREDGE TECHNOLOGIES INC COMMON STOCK USD 0.0001 4,228 $1,225,190 0.06% N/A N/A 83612MAH0 SOUNDVIEW HOME LOAN TRUST 2006-WF2 2006-WF2 M3 2,954,681 $3,484,589 0.18% 0.76% 12/25/36 842400GT4 SOUTHERN CALIFORNIA EDISON CO CALLABLE BOND FIXED 60,000 $61,276 0.00% 3.65% 02/01/50 842400GK3 SOUTHERN CALIFORNIA EDISON CO CALLABLE BOND FIXED 20,000 $21,670 0.00% 4.13% 03/01/48 842400GG2 SOUTHERN CALIFORNIA EDISON CO CALLABLE BOND FIXED 15,000 $15,839 0.00% 4.00% 04/01/47 842587107 SOUTHERN CO/THE COMMON STOCK USD 5 1,185 $77,890 0.00% N/A N/A 844741BG2 SOUTHWEST AIRLINES CO CONVERTIBLE BOND FIXED 1.25% 340,000 $497,250 0.03% 1.25% 05/01/25 84677L117 SPARTACUS ACQUISITION CORP EQUITY WRT 31/OCT/2027 25,191 $39,802 0.00% N/A 10/31/27 84677R106 SPARTAN ACQUISITION CORP III COMMON STOCK USD 47,495 $470,201 0.02% N/A N/A 84677R114 SPARTAN ACQUISITION CORP III EQUITY WRT 5,967 $6,086 0.00% N/A 02/04/26 85205TAK6 SPIRIT AEROSYSTEMS INC CALLABLE NOTES FIXED 4.6% 35,000 $34,256 0.00% 4.60% 06/15/28 848637AF1 SPLUNK INC CONVERTIBLE BOND FIXED 1.125% 205,000 $205,384 0.01% 1.13% 06/15/27 G8372A129 SPORTS VENTURES ACQUISITION CORP EQUITY WRT 4,756 $2,901 0.00% N/A 12/31/27 84921RAA8 SPOTIFY USA INC CONVERTIBLE BOND ZERO CPN 366,000 $331,458 0.02% 0.00% 03/15/26 85205L107 SPRINGWORKS THERAPEUTICS INC COMMON STOCK USD 12,675 $951,893 0.05% N/A N/A 85208HAB9 SPRITE 2017-1 LTD 2017-1 B 5.75% 15/DEC/2037 239,881 $215,164 0.01% 5.75% 12/15/37 C504D8E SPX PUT USD 3600 17/DEC/2021 (X5Z21P 3600 US (63) ($170,667) -0.01% N/A 12/17/21 GD2440E SPX PUT USD 3600 17/SEP/2021 (X5U21P 3600 US (10) ($1,040) 0.00% N/A 09/17/21 F8E5A41 SPX PUT USD 3650 17/DEC/2021 (X5Z21P 3650 US (6) ($18,000) 0.00% N/A 12/17/21 KA7F768 SPX PUT USD 4000 15/OCT/2021 (X5V21P 4000 US (10) ($15,270) 0.00% N/A 10/15/21 GD2EBD9 SPX PUT USD 4000 17/SEP/2021 (X5U21P 4000 US 10 $3,200 0.00% N/A 09/17/21 KA7C182 SPX PUT USD 4200 15/OCT/2021 (X5V21P 4200 US 63 $171,486 0.01% N/A 10/15/21 KA7FE28 SPX PUT USD 4250 15/OCT/2021 (X5V21P 4250 US 6 $18,900 0.00% N/A 10/15/21 KA7C4A9 SPX PUT USD 4300 15/OCT/2021 (X5V21P 4300 US 10 $35,680 0.00% N/A 10/15/21
Page 38 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
852234AM5 SQUARE INC CALLABLE NOTES FIXED 3.5% 01/JUN/2031 120,000 $124,961 0.01% 3.50% 06/01/31 B013D75 STAMPS.COM INC COMMON STOCK USD 0.001 13,913 $4,575,986 0.24% N/A N/A 853254BU3 STANDARD CHARTERED PLC CALLABLE NOTES VARIABLE 380,000 $382,191 0.02% 3.26% 02/18/36 854502101 STANLEY BLACK & DECKER INC COMMON STOCK USD 2.5 9,563 $1,848,241 0.10% N/A N/A 855179107 STAR PEAK CORP II COMMON STOCK USD 0.0001 42 $418 0.00% N/A N/A 855179115 STAR PEAK CORP II EQUITY WRT 24/DEC/2025 USD 32,187 $43,131 0.00% N/A 12/24/25 855244109 STARBUCKS CORP COMMON STOCK USD 0.001 2,010 $236,155 0.01% N/A N/A 85571XAS6 STARWOOD RETAIL PROPERTY TRUST 2014-STAR 2014-STAR 410,000 $8,969 0.00% 4.50% 11/15/27 85571XAN7 STARWOOD RETAIL PROPERTY TRUST 2014-STAR 2014-STAR 100,000 $4,188 0.00% 2.85% 11/15/27 G8T499FJ2 STATE BANK OF INDIA/LONDON MEDIUM TERM NOTE FIXED 1,800,000 $1,928,023 0.10% 4.50% 09/28/23 85858EAA1 STENA INTERNATIONAL SA CALLABLE NOTES FIXED 5.75% 499,000 $519,322 0.03% 5.75% 03/01/24 G85094111 STONEBRIDGE ACQUISITION CORP UNIT USD 0.0001 4,734 $47,009 0.00% N/A N/A G85158106 STONECO LTD COMMON STOCK USD 0.000079365 48,548 $2,259,424 0.12% N/A N/A BJU1IDX STOXX 600 BANK EQUITY INDEX 17/SEP/2021 BJU1 INDEX (210) $34,045 0.00% N/A 09/17/21 SXOU1ID STOXX EUROPE 600 EQUITY INDEX 17/SEP/2021 SXOU1 (6) ($506) 0.00% N/A 09/17/21 48273UAA0 STRIDE INC CONVERTIBLE BOND FIXED 1.125% 1,193,000 $1,152,199 0.06% 1.13% 09/01/27 B3S3S52 STROEER SE & CO KGAA COMMON STOCK EUR 22,417 $1,846,154 0.10% N/A N/A 863579TM0 STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST 179,378 $131,598 0.01% 0.39% 07/25/35 86359BCJ8 STRUCTURED ASSET SECURITIES CORP 2003-37A 6A 120,113 $121,943 0.01% 2.85% 12/25/33 86359BZ53 STRUCTURED ASSET SECURITIES CORP 2005-NC1 2005-NC1 824,941 $821,240 0.04% 1.28% 02/25/35 86359BXN6 STRUCTURED ASSET SECURITIES CORP MORTGAGE 724,380 $561,691 0.03% 6.67% 08/25/34 866082AA8 SUMMIT HOTEL PROPERTIES INC CONVERTIBLE BOND FIXED 9,000 $9,282 0.00% 1.50% 02/15/26 BNNWKD6 SUNAC CHINA HOLDINGS LTD CALLABLE BOND FIXED 6.8% 500,000 $496,285 0.03% 6.80% 10/20/24 BFXZF23 SUNAC CHINA HOLDINGS LTD CALLABLE NOTES FIXED 200,000 $204,750 0.01% 8.35% 04/19/23 BLB3DS3 SUNAC CHINA HOLDINGS LTD CALLABLE NOTES FIXED 200,000 $198,013 0.01% 6.65% 08/03/24 BNDK2R8 SUNAC CHINA HOLDINGS LTD CALLABLE NOTES FIXED 6.5% 300,000 $291,396 0.02% 6.50% 01/26/26 BJ9N563 SUNNOVA ENERGY INTERNATIONAL INC COMMON STOCK USD 76,934 $2,785,011 0.15% N/A N/A 86745K104 SUNNOVA ENERGY INTERNATIONAL INC COMMON STOCK USD 32,274 $1,168,319 0.06% N/A N/A 86745KAE4 SUNNOVA ENERGY INTERNATIONAL INC CONVERTIBLE BOND 1,068,000 $1,298,425 0.07% 0.25% 12/01/26 867652406 SUNPOWER CORP COMMON STOCK USD 0.001 5,174 $111,500 0.01% N/A N/A G8T86C105 SUPERNOVA PARTNERS ACQUISITION CO II LTD COMMON 11,955 $115,784 0.01% N/A N/A G8T86C121 SUPERNOVA PARTNERS ACQUISITION CO II LTD EQUITY 2,988 $2,629 0.00% N/A 12/31/27 G8T90F110 SUPERNOVA PARTNERS ACQUISITION CO III LTD UNIT USD 12,691 $124,689 0.01% N/A N/A 86846V116 SUPERNOVA PARTNERS ACQUISITION CO INC EQUITY WRT 14,955 $17,198 0.00% N/A 10/13/25 BMYSDC6 SUSTAINABLE DEVELOPMENT ACQUISITION I CORP UNIT 11,960 $119,480 0.01% N/A N/A 86964WAJ1 SUZANO AUSTRIA GMBH CALLABLE NOTES FIXED 3.75% 235,000 $247,046 0.01% 3.75% 01/15/31 86959LAG8 SVENSKA HANDELSBANKEN AB MEDIUM TERM NOTE FIXED 575,000 $574,403 0.03% 0.55% 06/11/24 G8601M100 SVF INVESTMENT CORP 2 COMMON STOCK USD 0.0001 14,652 $142,857 0.01% N/A N/A G8601N108 SVF INVESTMENT CORP 3 COMMON STOCK USD 0.0001 14,652 $142,710 0.01% N/A N/A G8601L102 SVF INVESTMENT CORP COMMON STOCK USD 0.0001 24,226 $235,477 0.01% N/A N/A 002279K2L SWP 786,621 $32,895 0.00% N/A 05/15/23 001996K2L SWP 553,799 $23,525 0.00% N/A 05/15/23 001840K2L SWP 52,229 $2,184 0.00% N/A 05/15/23 87403Q110 TAILWIND ACQUISITION CORP EQUITY WRT 07/SEP/2027 16,336 $8,495 0.00% N/A 09/07/27 874039100 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR USD 103 $12,258 0.00% N/A N/A 87422VAJ7 TALEN ENERGY SUPPLY LLC CALLABLE NOTES FIXED 236,000 $204,522 0.01% 7.63% 06/01/28 87422VAA6 TALEN ENERGY SUPPLY LLC CALLABLE NOTES FIXED 6.5% 235,000 $101,360 0.01% 6.50% 06/01/25 87422VAF5 TALEN ENERGY SUPPLY LLC CALLABLE NOTES FIXED 7.25% 187,000 $161,927 0.01% 7.25% 05/15/27 87427V103 TALKSPACE INC COMMON STOCK USD 0.0001 40,388 $212,037 0.01% N/A N/A 87485LAC8 TALOS PRODUCTION INC CALLABLE NOTES FIXED 12% 818,000 $845,661 0.04% 12.00% 01/15/26 875372203 TANDEM DIABETES CARE INC COMMON STOCK USD 8,113 $910,035 0.05% N/A N/A 876030107 TAPESTRY INC COMMON STOCK USD 40,622 $1,637,879 0.09% N/A N/A BF09HX3 TAPESTRY INC COMMON STOCK USD 19,403 $782,329 0.04% N/A N/A 87612E106 TARGET CORP COMMON STOCK USD 0.0833 16,464 $4,066,279 0.21% N/A N/A BL66YP1 TB SA ACQUISITION CORP UNIT USD 0.0001 28,910 $286,209 0.02% N/A N/A
Page 39 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
BMVWBW7 TCV ACQUISITION CORP COMMON STOCK USD 0.0001 2,505 $24,374 0.00% N/A N/A 87301L106 TCW SPECIAL PURPOSE ACQUISITION CORP COMMON STOCK 9,240 $89,813 0.00% N/A N/A 87301L114 TCW SPECIAL PURPOSE ACQUISITION CORP EQUITY WRT 3,080 $2,307 0.00% N/A 12/31/28 87823R201 TECH AND ENERGY TRANSITION CORP UNIT USD 0.0001 12,524 $124,050 0.01% N/A N/A 87874RAA8 TECHTARGET INC CONVERTIBLE BOND FIXED 0.125% 1,103,000 $1,481,108 0.08% 0.13% 12/15/25 G8739H114 TEKKORP DIGITAL ACQUISITION CORP EQUITY WRT 2,216 $2,083 0.00% N/A 10/26/27 87918A105 TELADOC HEALTH INC COMMON STOCK USD 0.001 7,435 $1,073,763 0.06% N/A N/A 87918AAF2 TELADOC HEALTH INC CONVERTIBLE BOND FIXED 1.25% 560,000 $595,849 0.03% 1.25% 06/01/27 87974KBA1 TELOS CLO 2014-5 LTD 2014-5A DR FLOATING 992,000 $995,869 0.05% 3.43% 04/17/28 87973RBC3 TEMASEK FINANCIAL I LTD CALLABLE MEDIUM TERM NOTE 950,000 $969,860 0.05% 2.75% 08/02/61 88032XBD5 TENCENT HOLDINGS LTD CALLABLE MEDIUM TERM NOTE 500,000 $555,910 0.03% 3.94% 04/22/61 88032XBC7 TENCENT HOLDINGS LTD CALLABLE MEDIUM TERM NOTE 300,000 $325,366 0.02% 3.84% 04/22/51 BMMV2K8 TENCENT HOLDINGS LTD COMMON STOCK HKD 0.00002 77,566 $4,790,693 0.25% N/A N/A BN2BRQ6 TEVA PHARMACEUTICAL FINANCE NETHERLANDS II BV 405,000 $518,748 0.03% 6.00% 01/31/25 88167AAF8 TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2,040,000 $1,778,431 0.09% 4.10% 10/01/46 88167AAD3 TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 480,000 $474,024 0.02% 2.80% 07/21/23 88167AAE1 TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 395,000 $377,772 0.02% 3.15% 10/01/26 882508104 TEXAS INSTRUMENTS INC COMMON STOCK USD 1 17,306 $3,303,888 0.17% N/A N/A K55B8C6 TGT CALL USD 270 15/OCT/2021 (TGT US 10/15/21 C270 (1) ($85) 0.00% N/A 10/15/21 Y8620BAP6 THAI OIL PCL CALLABLE NOTES FIXED 3.625% 500,000 $515,901 0.03% 3.63% 01/23/23 883556102 THERMO FISHER SCIENTIFIC INC COMMON STOCK USD 1 7,659 $4,250,362 0.22% N/A N/A 88408P115 THIMBLE POINT ACQUISITION CORP EQUITY WRT 27,159 $21,184 0.00% N/A 02/04/26 Y6S075AB7 THIRD PAKISTAN INTERNATIONAL SUKUK CO LTD/THE BOND 200,000 $200,625 0.01% 5.50% 10/13/21 88605T100 THUNDER BRIDGE CAPITAL PARTNERS III INC COMMON 5,110 $49,312 0.00% N/A N/A 88605T118 THUNDER BRIDGE CAPITAL PARTNERS III INC EQUITY WRT 1,022 $807 0.00% N/A 02/15/28 BM8DFH6 TIMES CHINA HOLDINGS LTD CALLABLE BOND FIXED 5.55% 200,000 $199,385 0.01% 5.55% 06/04/24 88825H100 TISHMAN SPEYER INNOVATION CORP II COMMON STOCK USD 749 $7,318 0.00% N/A N/A 88825H209 TISHMAN SPEYER INNOVATION CORP II UNIT USD 0.0001 2,225 $21,894 0.00% N/A N/A K570736 TJX CALL USD 80 15/OCT/2021 (TJX US 10/15/21 C80 (5) ($150) 0.00% N/A 10/15/21 872540109 TJX COS INC/THE COMMON STOCK USD 1 1,080 $78,538 0.00% N/A N/A 87257M108 TLG ACQUISITION ONE CORP COMMON STOCK USD 0.0001 14,334 $141,477 0.01% N/A N/A 87257M116 TLG ACQUISITION ONE CORP EQUITY WRT 25/JAN/2028 4,778 $3,106 0.00% N/A 01/25/28 G8917HAA8 TMBTHANACHART BANK PCL CALLABLE MEDIUM TERM NOTE 600,000 $610,359 0.03% 4.90% 12/31/64 872590104 T-MOBILE US INC COMMON STOCK USD 0.0001 3,721 $509,851 0.03% N/A N/A 87264ABV6 T-MOBILE USA INC CALLABLE NOTES FIXED 3.375% 560,000 $592,374 0.03% 3.38% 04/15/29 87264ABW4 T-MOBILE USA INC CALLABLE NOTES FIXED 3.5% 275,000 $293,150 0.02% 3.50% 04/15/31 Y8T871AC2 TONGYANG LIFE INSURANCE CO LTD CALLABLE BOND 600,000 $632,589 0.03% 5.25% 12/31/64 TPU1IDX TOPIX INDX FUTR EQUITY INDEX 09/SEP/2021 TPU1 13 $18,135 0.00% N/A 09/09/21 89114TZA3 TORONTO-DOMINION BANK/THE CALLABLE MEDIUM TERM 570,000 $569,597 0.03% 0.30% 06/02/23 6897217 TOSHIBA CORP COMMON STOCK JPY 14,188 $615,401 0.03% N/A N/A 89176VAC6 TOWD POINT MORTGAGE TRUST 2018-5 2018-5 M1 379,000 $398,452 0.02% 3.25% 07/25/58 89236TJD8 TOYOTA MOTOR CREDIT CORP MEDIUM TERM NOTE FIXED 565,000 $566,293 0.03% 0.40% 04/06/23 G89826104 TPG PACE BENEFICIAL II CORP COMMON STOCK USD 24,677 $239,984 0.01% N/A N/A G8656V104 TPG PACE SOLUTIONS CORP COMMON STOCK USD 0.0001 11,740 $116,813 0.01% N/A N/A 87275QAG2 TPG REAL ESTATE FINANCE 2018-FL2 ISSUER LTD 1,000,000 $999,399 0.05% 2.39% 11/15/37 892356106 TRACTOR SUPPLY CO COMMON STOCK USD 0.008 15,065 $2,926,376 0.15% N/A N/A BK9ZQ96 TRANE TECHNOLOGIES PLC COMMON STOCK USD 1 9,215 $1,829,178 0.10% N/A N/A 893647BM8 TRANSDIGM INC CALLABLE NOTES FIXED 4.625% 130,000 $128,538 0.01% 4.63% 01/15/29 BG88WT0 TRANSLATE BIO INC COMMON STOCK USD 0.001 31,184 $1,166,282 0.06% N/A N/A 98310WAS7 TRAVEL + LEISURE CO CALLABLE NOTES FIXED 6.625% 165,000 $188,158 0.01% 6.63% 07/31/26 89455T109 TREACE MEDICAL CONCEPTS INC COMMON STOCK USD 0.001 3,133 $79,108 0.00% N/A N/A G9027T117 TREBIA ACQUISITION CORP EQUITY WRT 31/DEC/2025 USD 25,701 $33,026 0.00% N/A 12/31/25 89531VAA0 TRESTLES CLO II LTD 2018-2A D FLOATING 25/JUL/2031 250,000 $246,166 0.01% 5.88% 07/25/31 89612WAC6 TRICON RESIDENTIAL INC CALLABLE CONVERTIBLE BOND 68,000 $82,906 0.00% 5.75% 03/31/22 BYW99R2 TRICON RESIDENTIAL INC CALLABLE CONVERTIBLE BOND 13,000 $15,850 0.00% 5.75% 03/31/22
Page 40 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
896288AA5 TRINET GROUP INC CALLABLE NOTES FIXED 3.5% 230,000 $232,013 0.01% 3.50% 03/01/29 896288107 TRINET GROUP INC COMMON STOCK USD 0.000025 10,395 $957,172 0.05% N/A N/A BNYK8H9 TRIP.COM GROUP LTD COMMON STOCK HKD 0.0005 400 $11,958 0.00% N/A N/A 89832Q109 TRUIST FINANCIAL CORP COMMON STOCK USD 5 1,379 $78,686 0.00% N/A N/A 898202106 TRUPANION INC COMMON STOCK USD 0.00001 4,652 $426,030 0.02% N/A N/A 6905808 TSINGTAO BREWERY CO LTD COMMON STOCK HKD 1 2,000 $16,365 0.00% N/A N/A G91139AH1 TSMC GLOBAL LTD CALLABLE NOTES FIXED 2.25% 2,200,000 $2,225,204 0.12% 2.25% 04/23/31 BKPGK80 TULLOW OIL PLC CALLABLE NOTES FIXED 10.25% 1,326,000 $1,374,068 0.07% 10.25% 05/15/26 G91237AB6 TULLOW OIL PLC CALLABLE NOTES FIXED 10.25% 620,000 $642,475 0.03% 10.25% 05/15/26 90041T108 TURNING POINT THERAPEUTICS INC COMMON STOCK USD 14,100 $1,085,982 0.06% N/A N/A 90118T106 TWELVE SEAS INVESTMENT CO II COMMON STOCK USD 22,491 $217,713 0.01% N/A N/A 90118T114 TWELVE SEAS INVESTMENT CO II EQUITY WRT 7,496 $5,486 0.00% N/A 03/02/28 90138F102 TWILIO INC COMMON STOCK USD 0.001 5,392 $1,924,728 0.10% N/A N/A G9151L104 TWIN RIDGE CAPITAL ACQUISITION CORP 11,085 $107,635 0.01% N/A N/A G9151L120 TWIN RIDGE CAPITAL ACQUISITION CORP EQUITY WRT 3,695 $2,457 0.00% N/A 12/31/28 90184LAM4 TWITTER INC CONVERTIBLE BOND ZERO CPN 15/MAR/2026 195,000 $185,244 0.01% 0.00% 03/15/26 90187BAB7 TWO HARBORS INVESTMENT CORP CONVERTIBLE BOND FIXED 846,000 $884,285 0.05% 6.25% 01/15/26 G9152V101 TWO/CA COMMON STOCK USD 0.0001 14,299 $139,129 0.01% N/A N/A K5698F4 TXN CALL USD 200 15/OCT/2021 (TXN US 10/15/21 C200 (2) ($408) 0.00% N/A 10/15/21 902494103 TYSON FOODS INC COMMON STOCK USD 0.1 982 $77,107 0.00% N/A N/A 90353TAK6 UBER TECHNOLOGIES INC CALLABLE NOTES FIXED 4.5% 1,145,000 $1,128,918 0.06% 4.50% 08/15/29 90353TAG5 UBER TECHNOLOGIES INC CALLABLE NOTES FIXED 6.25% 290,000 $311,388 0.02% 6.25% 01/15/28 90353TAE0 UBER TECHNOLOGIES INC CALLABLE NOTES FIXED 7.5% 755,000 $823,894 0.04% 7.50% 09/15/27 90353TAF7 UBER TECHNOLOGIES INC CALLABLE NOTES FIXED 7.5% 35,000 $37,363 0.00% 7.50% 05/15/25 90353TAC4 UBER TECHNOLOGIES INC CALLABLE NOTES FIXED 8% 1,455,000 $1,551,394 0.08% 8.00% 11/01/26 90353TAH3 UBER TECHNOLOGIES INC CONVERTIBLE BOND ZERO CPN 175,000 $164,100 0.01% 0.00% 12/15/25 BZ1MW25 UKRAINE BOND VARIABLE 31/MAY/2040 USD 1000 5,814,000 $6,645,402 0.35% 1.26% 05/31/40 N08FC01 UNH CALL USD 450 15/OCT/2021 (UNH US 10/15/21 C450 (1) ($170) 0.00% N/A 10/15/21 BLRB262 UNILEVER PLC COMMON STOCK GBP 3.11 61,574 $3,427,607 0.18% N/A N/A 907818108 UNION PACIFIC CORP COMMON STOCK USD 2.5 40,651 $8,814,763 0.46% N/A N/A 90932LAG2 UNITED AIRLINES INC CALLABLE NOTES FIXED 4.375% 50,000 $51,969 0.00% 4.38% 04/15/26 90932LAH0 UNITED AIRLINES INC CALLABLE NOTES FIXED 4.625% 70,000 $72,714 0.00% 4.63% 04/15/29 BJM0CV5 UNITED MEXICAN STATES BOND FIXED 6.75% 09/MAR/2023 12,053,200 $611,458 0.03% 6.75% 03/09/23 91087BAN0 UNITED MEXICAN STATES CALLABLE BOND FIXED 3.771% 675,000 $645,681 0.03% 3.77% 05/24/61 91087BAQ3 UNITED MEXICAN STATES CALLABLE BOND FIXED 4.28% 435,000 $466,511 0.02% 4.28% 08/14/41 911312106 UNITED PARCEL SERVICE INC COMMON STOCK USD 0.01 390 $76,296 0.00% N/A N/A 912796D63 UNITED STATES OF AMERICA BILL ZERO CPN 02/SEP/2021 2,580,000 $2,579,998 0.14% 0.00% 09/02/21 9127964W6 UNITED STATES OF AMERICA BILL ZERO CPN 04/NOV/2021 4,310,000 $4,309,674 0.23% 0.00% 11/04/21 912796M22 UNITED STATES OF AMERICA BILL ZERO CPN 05/OCT/2021 5,716,000 $5,715,839 0.30% 0.00% 10/05/21 9127964V8 UNITED STATES OF AMERICA BILL ZERO CPN 07/OCT/2021 1,135,000 $1,134,957 0.06% 0.00% 10/07/21 9127964L0 UNITED STATES OF AMERICA BILL ZERO CPN 09/SEP/2021 1,090,000 $1,089,992 0.06% 0.00% 09/09/21 912796H51 UNITED STATES OF AMERICA BILL ZERO CPN 12/NOV/2021 1,470,000 $1,469,846 0.08% 0.00% 11/12/21 912796M30 UNITED STATES OF AMERICA BILL ZERO CPN 12/OCT/2021 1,139,000 $1,138,955 0.06% 0.00% 10/12/21 912796L31 UNITED STATES OF AMERICA BILL ZERO CPN 14/SEP/2021 2,649,000 $2,648,974 0.14% 0.00% 09/14/21 912796M48 UNITED STATES OF AMERICA BILL ZERO CPN 19/OCT/2021 6,276,000 $6,275,644 0.33% 0.00% 10/19/21 912796G60 UNITED STATES OF AMERICA BILL ZERO CPN 21/OCT/2021 10,648,000 $10,647,335 0.56% 0.00% 10/21/21 912796F53 UNITED STATES OF AMERICA BILL ZERO CPN 23/SEP/2021 1,720,000 $1,719,965 0.09% 0.00% 09/23/21 912796D30 UNITED STATES OF AMERICA BILL ZERO CPN 24/FEB/2022 835,000 $834,796 0.04% 0.00% 02/24/22 912796G78 UNITED STATES OF AMERICA BILL ZERO CPN 28/OCT/2021 4,820,000 $4,819,618 0.25% 0.00% 10/28/21 912796L56 UNITED STATES OF AMERICA BILL ZERO CPN 28/SEP/2021 1,000,000 $999,978 0.05% 0.00% 09/28/21 91324PEB4 UNITEDHEALTH GROUP INC CALLABLE NOTES FIXED 0.55% 570,000 $570,283 0.03% 0.55% 05/15/24 91324P102 UNITEDHEALTH GROUP INC COMMON STOCK USD 0.01 22,055 $9,180,835 0.48% N/A N/A 91680MAA5 UPSTART HOLDINGS INC CONVERTIBLE BOND FIXED 0.25% 519,000 $587,165 0.03% 0.25% 08/15/26 91688FAA2 UPWORK INC CONVERTIBLE BOND FIXED 0.25% 110,000 $111,589 0.01% 0.25% 08/15/26 B23FYD6 UROPA SECURITIES PLC 2007-1 M1A FLOATING 1,561,401 $2,035,844 0.11% 0.43% 10/10/40
Page 41 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
TYZ1COM US 10YR NOTE (CBT) BOND 21/DEC/2021 TYZ1 COMDTY 99 $75,578 0.00% N/A 12/21/21 UXYZ1CO US 10YR ULTRA FUT BOND 21/DEC/2021 UXYZ1 COMDTY (139) ($8,029) 0.00% N/A 12/21/21 TUZ1COM US 2YR NOTE (CBT) BOND 31/DEC/2021 TUZ1 COMDTY 31 $4,350 0.00% N/A 12/31/21 FVZ1COM US 5YR NOTE (CBT) BOND 31/DEC/2021 FVZ1 COMDTY 153 $56,230 0.00% N/A 12/31/21 USZ1COM US LONG BOND(CBT) BOND 21/DEC/2021 USZ1 COMDTY 75 $50,190 0.00% N/A 12/21/21 WNZ1COM US ULTRA BOND CBT BOND 21/DEC/2021 WNZ1 COMDTY (54) ($21,084) 0.00% N/A 12/21/21 MC0B835 VAC PUT USD 135 17/SEP/2021 (VAC US 09/17/21 P135 6 $540 0.00% N/A 09/17/21 G9460N114 VALOR LATITUDE ACQUISITION CORP UNIT USD 0.0001 14,658 $144,894 0.01% N/A N/A BN7T7C1 VALOR LATITUDE ACQUISITION CORP UNIT USD 0.0001 8,747 $86,464 0.00% N/A N/A Y93541AC7 VANKE REAL ESTATE HONG KONG CO LTD MEDIUM TERM 600,000 $601,791 0.03% 1.68% 05/25/23 BFWX7S8 VANKE REAL ESTATE HONG KONG CO LTD MEDIUM TERM 300,000 $312,881 0.02% 4.15% 04/18/23 92214XAB2 VAREX IMAGING CORP CONVERTIBLE BOND FIXED 4% 920,000 $1,451,283 0.08% 4.00% 06/01/25 922280102 VARONIS SYSTEMS INC COMMON STOCK USD 0.001 25,252 $1,742,641 0.09% N/A N/A BMG7QH7 VECTOR ACQUISITION CORP II COMMON STOCK USD 0.0001 12,649 $123,581 0.01% N/A N/A 92259E104 VELOCITY ACQUISITION CORP COMMON STOCK USD 0.0001 9,410 $92,312 0.00% N/A N/A 92343V104 VERIZON COMMUNICATIONS INC COMMON STOCK USD 0.1 1,419 $78,045 0.00% N/A N/A 92532F100 VERTEX PHARMACEUTICALS INC COMMON STOCK USD 0.01 12,135 $2,430,519 0.13% N/A N/A 92539P101 VERVE THERAPEUTICS INC COMMON STOCK USD 0.001 11,352 $794,186 0.04% N/A N/A 92556V106 VIATRIS INC COMMON STOCK USD 57,434 $840,259 0.04% N/A N/A 925652109 VICI PROPERTIES INC REIT USD 0.01 26,419 $816,611 0.04% N/A N/A 926400102 VICTORIA'S SECRET & CO COMMON STOCK USD 0.01 6,493 $430,486 0.02% N/A N/A 92769VAJ8 VIRGIN MEDIA FINANCE PLC CALLABLE NOTES FIXED 5% 200,000 $207,340 0.01% 5.00% 07/15/30 92837J112 VIRTUOSO ACQUISITION CORP EQUITY WRT 31/DEC/2027 49,942 $54,936 0.00% N/A 12/31/27 92826C839 VISA INC COMMON STOCK USD 0.0001 907 $207,794 0.01% N/A N/A 928298AP3 VISHAY INTERTECHNOLOGY INC CONVERTIBLE BOND FIXED 923,000 $974,965 0.05% 2.25% 06/15/25 BZ8VJQ8 VISTRA CORP COMMON STOCK USD 0.01 72,871 $1,391,107 0.07% N/A N/A 92853V114 VIVEON HEALTH ACQUISITION CORP EQUITY WRT 35,947 $8,683 0.00% N/A 12/31/27 92853V122 VIVEON HEALTH ACQUISITION CORP RIGHT USD 35,947 $7,189 0.00% N/A 12/31/25 KB1A107 VIX CALL USD 22 15/SEP/2021 (VVU21C Y 22.0 US 360 $28,800 0.00% N/A 09/15/21 M0AD8B9 VIX CALL USD 23 20/OCT/2021 (VVV21C Y 23.0 US 158 $40,606 0.00% N/A 10/20/21 M0CA347 VIX CALL USD 24 20/OCT/2021 (VVV21C Y 24.0 US 307 $76,750 0.00% N/A 10/20/21 M083631 VIX CALL USD 25 17/NOV/2021 (VVX21C Y 25.0 US 285 $86,925 0.00% N/A 11/17/21 M093221 VIX CALL USD 25 20/OCT/2021 (VVV21C Y 25.0 US 172 $38,184 0.00% N/A 10/20/21 KB1B85E VIX PUT USD 22 15/SEP/2021 (VVU21P Y 22.0 US 705 $289,050 0.02% N/A 09/15/21 M0C8B0E VIX PUT USD 23 20/OCT/2021 (VVV21P Y 23.0 US 301 $141,470 0.01% N/A 10/20/21 M064193 VIX PUT USD 24 20/OCT/2021 (VVV21P Y 24.0 US 267 $144,180 0.01% N/A 10/20/21 91834PAG0 VMC FINANCE 2019-FL3 LLC 2019-FL3 C FLOATING 0 $0 0.00% 2.14% 09/15/36 928563AH8 VMWARE INC CALLABLE NOTES FIXED 1% 15/AUG/2024 USD 570,000 $572,517 0.03% 1.00% 08/15/24 92857W308 VODAFONE GROUP PLC ADR USD 85,264 $1,455,456 0.08% N/A N/A 592862W VODAFONE GROUP PLC CALL GBP 1.25 17/DEC/2021 94 $5,816 0.00% N/A 12/17/21 592863W VODAFONE GROUP PLC PUT GBP 1.1 17/DEC/2021 (94) ($3,554) 0.00% N/A 12/17/21 592788W VODAFONE GROUP PLC PUT GBP 1.2 17/SEP/2021 (316) ($5,431) 0.00% N/A 09/17/21 92863UAB2 VOLCAN CIA MINERA SAA CALLABLE NOTES FIXED 4.375% 45,000 $43,880 0.00% 4.38% 02/11/26 92912NAA1 VOYA CLO 2014-3 LTD 2014-3A D FLOATING 25/JUL/2026 2,100,000 $2,107,542 0.11% 5.13% 07/25/26 G9460L126 VPC IMPACT ACQUISITION HOLDINGS II COMMON STOCK 9,496 $93,441 0.00% N/A N/A G9460L118 VPC IMPACT ACQUISITION HOLDINGS II EQUITY WRT 1,898 $2,012 0.00% N/A 12/31/27 91835J108 VPC IMPACT ACQUISITION HOLDINGS III INC COMMON 7,281 $72,009 0.00% N/A N/A 91835J116 VPC IMPACT ACQUISITION HOLDINGS III INC EQUITY WRT 6,719 $10,414 0.00% N/A 12/31/27 GE71E21 VRM CALL USD 35 17/DEC/2021 (VRM US 12/17/21 C35 14 $1,820 0.00% N/A 12/17/21 92918VAA7 VROOM INC CONVERTIBLE BOND FIXED 0.75% 01/JUL/2026 905,000 $763,425 0.04% 0.75% 07/01/26 FVSX1ID VSTOXX FUTURE EQUITY INDEX 17/NOV/2021 FVSX1 INDEX 26 ($609) 0.00% N/A 11/17/21 FVSV1ID VSTOXX FUTURE EQUITY INDEX 20/OCT/2021 FVSV1 INDEX 21 ($1,928) 0.00% N/A 10/20/21 38388F108 W R GRACE & CO COMMON STOCK USD 0.01 24,165 $1,682,851 0.09% N/A N/A G9460C126 WALDENCAST ACQUISITION CORP UNIT USD 0.0001 412 $4,215 0.00% N/A N/A 931142103 WALMART INC COMMON STOCK USD 0.1 1,562 $231,332 0.01% N/A N/A
Page 42 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
93364LAM0 WAMU COMMERCIAL MORTGAGE SECURITIES TRUST 2007-SL3 2,500,000 $2,290,775 0.12% 2.42% 03/23/45 94419LAM3 WAYFAIR INC CONVERTIBLE BOND FIXED 0.625% 1,219,000 $1,257,832 0.07% 0.63% 10/01/25 BYP5773 WELBILT INC COMMON STOCK USD 0.01 51,983 $1,216,402 0.06% N/A N/A 949746804 WELLS FARGO & CO PUBLIC USD 1000 263 $392,133 0.02% N/A N/A 94988QAQ4 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2013-LC12 235,000 $235,917 0.01% 4.44% 07/15/46 94988XBA3 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2014-LC16 325,000 $217,389 0.01% 4.46% 08/15/50 95000MBU4 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C36 100,000 $100,353 0.01% 3.67% 11/15/59 95000MBV2 WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C36 100,000 $89,647 0.00% 4.32% 11/15/59 95058XAE8 WENDY'S FUNDING LLC 2018-1A A2II 3.884% 419,775 $449,351 0.02% 3.88% 03/15/48 92935VAS7 WFRBS COMMERCIAL MORTGAGE TRUST 2011-C3 2011-C3 D 365,509 $185,386 0.01% 5.51% 03/15/44 92936CAY5 WFRBS COMMERCIAL MORTGAGE TRUST 2011-C4 2011-C4 E 180,000 $122,685 0.01% 5.02% 06/15/44 92890NAY5 WFRBS COMMERCIAL MORTGAGE TRUST 2012-C10 2012-C10 480,000 $423,116 0.02% 4.49% 12/15/45 92936QAS7 WFRBS COMMERCIAL MORTGAGE TRUST 2012-C6 2012-C6 D 125,000 $126,433 0.01% 5.95% 04/15/45 92936TAE2 WFRBS COMMERCIAL MORTGAGE TRUST 2012-C7 2012-C7 C 45,000 $33,340 0.00% 4.96% 06/15/45 92936TAJ1 WFRBS COMMERCIAL MORTGAGE TRUST 2012-C7 2012-C7 D 190,000 $102,288 0.01% 4.96% 06/15/45 92936TAK8 WFRBS COMMERCIAL MORTGAGE TRUST 2012-C7 2012-C7 E 130,000 $25,935 0.00% 4.96% 06/15/45 92890FAY2 WFRBS COMMERCIAL MORTGAGE TRUST 2014-C20 2014-C20 100,000 $104,858 0.01% 4.38% 05/15/47 92939KAK4 WFRBS COMMERCIAL MORTGAGE TRUST 2014-C24 2014-C24 440,000 $413,472 0.02% 4.29% 11/15/47 92939KBR8 WFRBS COMMERCIAL MORTGAGE TRUST 2014-C24 2014-C24 130,000 $132,321 0.01% 4.20% 11/15/47 BL543Z9 WHEEL BIDCO LTD CALLABLE NOTES FIXED 6.75% 260,000 $363,323 0.02% 6.75% 07/15/26 966387508 WHITING PETROLEUM CORP COMMON STOCK USD 3,369 $158,175 0.01% N/A N/A BDB6Q21 WILLIS TOWERS WATSON PLC 41,226 $9,099,403 0.48% N/A N/A 87248FAE5 WIND RIVER 2016-1 CLO LTD 2016-1A ER FLOATING 1,080,000 $1,083,366 0.06% 5.68% 07/15/28 M9E7DEE WLTW CALL USD 230 17/SEP/2021 (WLTW US 09/17/21 (30) ($3,300) 0.00% N/A 09/17/21 K56E2D4 WLTW CALL USD 250 15/OCT/2021 (WLTW US 10/15/21 12 $3,120 0.00% N/A 10/15/21 K232E01 WLTW CALL USD 250 17/DEC/2021 (WLTW US 12/17/21 35 $8,575 0.00% N/A 12/17/21 K230E44 WLTW CALL USD 260 17/DEC/2021 (WLTW US 12/17/21 (24) ($5,100) 0.00% N/A 12/17/21 K56FBE2 WLTW CALL USD 270 15/OCT/2021 (WLTW US 10/15/21 (12) ($2,760) 0.00% N/A 10/15/21 K1EE8F5 WLTW CALL USD 270 17/DEC/2021 (WLTW US 12/17/21 (11) ($2,943) 0.00% N/A 12/17/21 MBED5BA WLTW PUT USD 195 17/SEP/2021 (WLTW US 09/17/21 30 $900 0.00% N/A 09/17/21 98138H101 WORKDAY INC COMMON STOCK USD 0.001 2,109 $576,094 0.03% N/A N/A BL6B9P1 WUXI BIOLOGICS CAYMAN INC COMMON STOCK USD 0.00001 29,064 $449,968 0.02% N/A N/A 983134107 WYNN RESORTS LTD COMMON STOCK USD 0.01 749 $76,166 0.00% N/A N/A BG0ZMJ9 XIAOMI CORP COMMON STOCK HKD 0.0000025 3,600 $11,604 0.00% N/A N/A 2985677 XILINX INC COMMON STOCK USD 0.01 36,135 $5,622,245 0.29% N/A N/A 98423B116 XOS INC EQUITY WRT 20/AUG/2026 USD 558 $614 0.00% N/A 08/20/26 983793100 XPO LOGISTICS INC COMMON STOCK USD 0.001 31,522 $2,739,577 0.14% N/A N/A B6Z1355 XPO LOGISTICS INC COMMON STOCK USD 0.001 24,787 $2,154,238 0.11% N/A N/A 984245AQ3 YPF SA BOND FIXED 6.95% 21/JUL/2027 USD 1000 190,000 $142,817 0.01% 6.95% 07/21/27 BMYGH84 YPF SA CALLABLE BOND FIXED 8.5% 23/MAR/2025 USD 1,454,000 $1,356,073 0.07% 8.50% 03/23/25 BX2H2W5 YPF SA CALLABLE BOND FIXED 8.5% 28/JUL/2025 USD 1,325,000 $1,139,500 0.06% 8.50% 07/28/25 BQZKFM3 YPF SA CALLABLE BOND FIXED 8.75% 04/APR/2024 USD 1,806,000 $1,672,266 0.09% 8.75% 04/04/24 98850P109 YUM CHINA HOLDINGS INC COMMON STOCK USD 0.01 191 $11,758 0.00% N/A N/A BM90HX6 YUZHOU GROUP HOLDINGS CO LTD CALLABLE BOND FIXED 200,000 $151,368 0.01% 6.35% 01/13/27 98877EAL7 Z CAPITAL CREDIT PARTNERS CLO 2015-1 LTD 2015-1A 1,000,000 $994,391 0.05% 3.23% 07/16/27 98887Q104 ZAI LAB LTD ADR USD 0.00006 10,484 $1,514,938 0.08% N/A N/A BMD0BJ6 ZHAOKE OPHTHALMOLOGY LTD COMMON STOCK HKD 69,425 $63,980 0.00% N/A N/A 98954M101 ZILLOW GROUP INC COMMON STOCK USD 0.0001 9,928 $949,117 0.05% N/A N/A 98956P102 ZIMMER BIOMET HOLDINGS INC COMMON STOCK USD 0.01 6,438 $968,597 0.05% N/A N/A 989570205 ZIMMER ENERGY TRANSITION ACQUISITION CORP UNIT USD 10,529 $106,238 0.01% N/A N/A BYVLXJ9 ZIP CO LTD COMMON STOCK AUD 1,500 $7,429 0.00% N/A N/A BNBW7Z9 ZIP CO LTD PUTABLE CONVERTIBLE BOND ZERO CPN 1,100,000 $718,038 0.04% 0.00% 04/23/28 98978LAA3 ZOGENIX INC CONVERTIBLE BOND FIXED 2.75% 961,000 $904,893 0.05% 2.75% 10/01/27 98980L101 ZOOM VIDEO COMMUNICATIONS INC COMMON STOCK USD 315 $91,193 0.00% N/A N/A 98980G102 ZSCALER INC COMMON STOCK USD 0.001 493 $137,222 0.01% N/A N/A
Page 43 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
98986TAC2 ZYNGA INC CONVERTIBLE BOND ZERO CPN 15/DEC/2026 40,000 $40,169 0.00% 0.00% 12/15/26
Page 44 of 45 Portfolio Holdings for FTIF Franklin K2 Alternative Strategies Fund as of August 31, 2021
Shares/ % of Maturity Security Identifier Security Name Positions Held Market Value TNA Coupon Rate Date
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• Please consult your financial advisor before deciding to invest. A copy of the latest prospectus, and where available, the relevant Key Investor Information Document, the annual report and semi-annual report, if published, thereafter can be found on our website www.franklintempleton.lu or can be obtained, free of charge, from Franklin Templeton International Services S.à r.l.- Supervised by the Commission de Surveillance du Secteur Financier - 8A, rue Albert Borschette L-1246 Luxembourg - Tel: +352-46 66 67-1 - Fax: +352-46 66 76.
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