Expense Ratio History

FAAAX expense ratio history

Franklin Alternative Strategies Fund, Class A

Fund company
Franklin Templeton
Type
Mutual fund

2.72%

In basis points
272 basis points
Yearly cost per $10,000
$272
Prospectus dated
1 October 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 2.76% on 1 October 2025

Fee over time

FAAAX expense ratio: 3.36% until 20 Dec 2013, then 3.54%; 3.54% until 1 Oct 2014, then 3.71%; 3.71% until 1 Oct 2015, then 3.49%; 3.49% until 1 Oct 2016, then 3.40%; 3.40% until 1 Oct 2017, then 3.01%; 3.01% until 1 Oct 2018, then 2.82%; 2.82% until 1 Oct 2019, then 2.79%; 2.79% until 1 Jun 2020, then 2.78%; 2.78% until 30 Sep 2020, then 2.64%; 2.64% until 31 May 2021, then 2.87%; 2.87% until 30 Sep 2021, then 2.64%; 2.64% until 1 Oct 2021, then 2.87%; 2.87% until 1 Oct 2022, then 2.76%; 2.76% until 31 May 2023, then 2.69%; 2.69% until 30 Jun 2023, then 2.88%; 2.88% until 1 Oct 2023, then 2.89%; 2.89% until 1 Oct 2024, then 2.76%; 2.76% until 1 Oct 2025, then 2.72%; read at 2.72% on 1 Oct 2025.0.00%2.00%4.00%6.00%Oct 2013Nov 2015Dec 2017Jan 2020Feb 2022Mar 20243.36% before2.72% from 1 Oct 2025
FAAAX expense ratio: 3.36% until 20 Dec 2013, then 3.54%; 3.54% until 1 Oct 2014, then 3.71%; 3.71% until 1 Oct 2015, then 3.49%; 3.49% until 1 Oct 2016, then 3.40%; 3.40% until 1 Oct 2017, then 3.01%; 3.01% until 1 Oct 2018, then 2.82%; 2.82% until 1 Oct 2019, then 2.79%; 2.79% until 1 Jun 2020, then 2.78%; 2.78% until 30 Sep 2020, then 2.64%; 2.64% until 31 May 2021, then 2.87%; 2.87% until 30 Sep 2021, then 2.64%; 2.64% until 1 Oct 2021, then 2.87%; 2.87% until 1 Oct 2022, then 2.76%; 2.76% until 31 May 2023, then 2.69%; 2.69% until 30 Jun 2023, then 2.88%; 2.88% until 1 Oct 2023, then 2.89%; 2.89% until 1 Oct 2024, then 2.76%; 2.76% until 1 Oct 2025, then 2.72%; read at 2.72% on 1 Oct 2025.0.00%2.00%4.00%6.00%Oct 2013Nov 2017Dec 20213.36% before2.72% from 1 Oct 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 5 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
FAAAX (this page) Class A 2.72% 2.43% 1 Oct 2025
FASCX Class C 3.47% 3.18% 1 Oct 2025
FSKKX Class R 2.97% 2.68% 1 Oct 2025
FASRX Class R6 2.40% 2.18% 1 Oct 2025
FABZX Advisor Class 2.47% 2.18% 1 Oct 2025

Every figure we've recorded

DateFeeWhat happened
1 Oct 2025 2.72% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2025 2.72% Cut from 2.76% to 2.72%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-09-26
1 Oct 2024 2.76% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2024 2.76% Cut from 2.89% to 2.76%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-09-26
1 Oct 2023 2.89% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2023 2.89% Raised from 2.88% to 2.89%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-09-26
30 Jun 2023 2.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-06-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Jun 2023 2.88% Raised from 2.69% to 2.88%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2023-06-30
31 May 2023 2.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-05-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
31 May 2023 2.69% Cut from 2.76% to 2.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-02-28
1 Oct 2022 2.76% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2022 2.76% Cut from 2.87% to 2.76%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-09-26
1 Oct 2021 2.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2021 2.87% Raised from 2.64% to 2.87%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-09-27
30 Sep 2021 2.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-09-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Sep 2021 2.64% Cut from 2.87% to 2.64%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-09-17
31 May 2021 2.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-05-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
31 May 2021 2.87% Raised from 2.64% to 2.87%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-03-01
30 Sep 2020 2.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-09-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Sep 2020 2.64% Cut from 2.78% to 2.64%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-09-28
1 Jun 2020 2.78% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-06-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Jun 2020 2.78% Cut from 2.79% to 2.78%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-06-01
1 Oct 2019 2.79% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2019 2.79% Cut from 2.82% to 2.79%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-10-08
1 Oct 2018 2.82% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2018 2.82% Cut from 3.01% to 2.82%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-10-05
10 Sep 2018 3.01% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-09-10 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Oct 2017 3.01% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2017 3.01% Cut from 3.40% to 3.01%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-10-10
12 Jun 2017 3.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-06-12 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Oct 2016 3.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2016 3.40% Cut from 3.49% to 3.40%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-10-06
1 Oct 2015 3.49% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2015 3.49% Cut from 3.71% to 3.49%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-10-06
1 Oct 2014 3.71% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-10-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Oct 2014 3.71% Raised from 3.54% to 3.71%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-10-06
20 Dec 2013 3.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-12-20 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
20 Dec 2013 3.54% Raised from 3.36% to 3.54%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2013-12-20
4 Oct 2013 3.36% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-10-04 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 2.72% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,083 in fees over 10 years

After fees, $10,000 grows to $12,446.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$279
3 years$855
5 years$1,457
10 years$3,083

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 21 prospectuses for this share class since 2013. Each one is listed above with a link to the filing.

How we read fees

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