NAV
$1.1101
NAV Change
$0.0050
Entry Price
$1.1107
Exit Price
$1.1095
Overall Morningstar Rating
Rating Category: Alternative - Multistrategy

Morningstar Style Box
| High | Quality | |||
|---|---|---|---|---|
| Medium | ||||
| Low | ||||
| LTD | MOD | EXT | ||
| Duration | ||||
Historical Morningstar Ratings
| Years | 3 |
| Morningstar Overall Rating™ | |
| Number of Funds In Category |
| Years | 5 |
| Morningstar Overall Rating™ | |
| Number of Funds In Category |
| Years | 10 |
| Morningstar Overall Rating™ | |
| Number of Funds In Category |
Overview
- Fund Information
- Why Consider This Fund?
- Fund Availability
Fund Information
Investment Objective
The Fund seeks to achieve long-term capital appreciation with lower volatility relative to the broader equity markets and substantially less correlation to traditional asset classes over a full market cycle by pursuing various risk premia strategies, which seek to profit from persistent behavioural and/or structural anomalies or other factors.
Why Consider This Fund?
- Daily liquid core alternative solution that may complement exposure to 60/40 allocations, hedge fund portfolios and traditional asset classes.
- Low to negative realized correlation vs. traditional asset classes as a result of its multi style, multi asset approach.
- Defensively positioned to generate uncorrelated returns when traditional asset classes have negative returns.
- Designed to benefit from rising interest rates.
The value of investments may go up and down, investment returns are not guaranteed, and investors may lose some of their money. The appropriate level of risk for each person is dependent on a range of factors including age, investment time frame and an investor's risk tolerance. For further information relating to the risks of the Fund, refer to the relevant Product Disclosure Statement.
This fund is only available to consumers who have received personal financial advice. This product is likely to be appropriate for a consumer seeking capital growth, to be used as a minor or satellite allocation within a portfolio where the consumer has at least 8 years investment timeframe, very high risk profile and needs access to capital within 10 Business Days.
Fund Availability
|
Fund Information
Distributions
Charges
Identifiers
Fund Managers


Performance
- Annualised Performance
- Cumulative Performance
- Calendar Year Performance
Annualised Performance
Annualised Performance
Chart
Month End As of 30/06/2026 | 1 Year | 3 Years | Since Inception 03/04/2023 | |
|---|---|---|---|---|
| Class A (%) | 6.53 | 5.82 | 5.11 | |
| Bloomberg AusBond Bank Bill Index (%) | 3.86 | 4.21 | 4.17 |
Past performance is not an indicator nor a guarantee of future performance.
Performance returns are shown net of fees and assume the reinvestment of distributions. Returns for periods less than 1 year are cumulative and returns for periods equal to or greater than one year are annualised.
Cumulative Performance
Cumulative Performance
Chart
Month End As of 30/06/2026 | YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 03/04/2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A (%) | 3.29 | -0.35 | -1.62 | 3.29 | 6.53 | 18.48 | — | — | — | 17.55 | |
| Bloomberg AusBond Bank Bill Index (%) | 1.99 | 0.39 | 1.07 | 1.99 | 3.86 | 13.16 | — | — | — | 14.15 |
Past performance is not an indicator nor a guarantee of future performance.
Performance returns are shown net of fees and assume the reinvestment of distributions. Returns for periods less than 1 year are cumulative and returns for periods equal to or greater than one year are annualised.
Calendar Year Performance
Calendar Year Performance
Chart
Month End As of 30/06/2026 | YTD | 2025 | 2024 | Since Inception | |
|---|---|---|---|---|---|
| Class A (%) | 3.29 | 5.46 | 7.67 | 03/04/2023 | |
| Bloomberg AusBond Bank Bill Index (%) | 1.99 | 3.97 | 4.47 | — |
Past performance is not an indicator nor a guarantee of future performance.
Performance returns are shown net of fees and assume the reinvestment of distributions. Returns for periods less than 1 year are cumulative and returns for periods equal to or greater than one year are annualised.
Distribution
| Share Class | Currency | Distribution Date | Payment Date | NAV | Distribution Amount |
|---|---|---|---|---|---|
| Class A | AUD | 30/06/2026 | 10/07/2026 | $1.0980 | $0.023753 |
- 2026
- 2025
- 2024
- 2023
- Since Inception
| Currency | Distribution Date | Payment Date | NAV | Distribution Amount |
|---|---|---|---|---|
| AUD | 30/06/2026 | 10/07/2026 | $1.0980 | $0.023753 |
| AUD | 31/12/2025 | 08/01/2026 | $1.0655 | $0.002436 |
| AUD | 30/06/2025 | 10/07/2025 | $1.0571 | $0.024004 |
| AUD | 31/12/2024 | 08/01/2025 | $1.0571 | $0.023312 |
| AUD | 28/06/2024 | 10/07/2024 | $1.0305 | $0.000040 |
| AUD | 29/12/2023 | 08/01/2024 | $0.9960 | $0.014213 |
| AUD | 30/06/2023 | 12/07/2023 | $0.9921 | $0.006079 |
Pricing
Pricing History Chart
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- Since Inception
August 2026
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
August 2026
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
Chart
Share Prices
Highest / Lowest NAV
| Year | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Highest NAV | $1.1304 As on 29/07/2026 | $1.0950 As on 01/04/2025 | $1.0769 As on 08/09/2024 | $1.0353 As on 01/11/2023 |
| Lowest NAV | $1.0629 As on 07/01/2026 | $1.0263 As on 22/01/2025 | $0.9868 As on 02/01/2024 | $0.9777 As on 19/07/2023 |
Historical Data - Daily Fund Prices
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
August 2026
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
August 2026
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
Historical Pricing Results From 06/07/2026 To 06/08/2026
| Date | Entry Price | Exit Price | NAV | NAV Change | NAV Change (%) |
|---|---|---|---|---|---|
| 06/08/2026 | $1.1107 | $1.1095 | $1.1101 | $0.0050 | 0.4524% |
| 05/08/2026 | $1.1057 | $1.1045 | $1.1051 | $-0.0031 | -0.2797% |
| 04/08/2026 | $1.1088 | $1.1076 | $1.1082 | $-0.0050 | -0.9032% |
| 03/08/2026 | $1.1189 | $1.1177 | $1.1183 | $-0.0030 | -0.2675% |
| 31/07/2026 | $1.1189 | $1.1177 | $1.1183 | $-0.0030 | -0.2675% |
| 30/07/2026 | $1.1219 | $1.1207 | $1.1213 | $-0.0091 | -0.8050% |
| 29/07/2026 | $1.1310 | $1.1298 | $1.1304 | $0.0071 | 0.6321% |
| 28/07/2026 | $1.1239 | $1.1227 | $1.1233 | $0.0070 | 0.6271% |
| 27/07/2026 | $1.1169 | $1.1157 | $1.1163 | $0.0009 | 0.0807% |
| 24/07/2026 | $1.1160 | $1.1148 | $1.1154 | $0.0050 | 0.4503% |
| 23/07/2026 | $1.1110 | $1.1098 | $1.1104 | $0.0020 | 0.1804% |
| 22/07/2026 | $1.1090 | $1.1078 | $1.1084 | $0.0050 | 0.4531% |
| 21/07/2026 | $1.1040 | $1.1028 | $1.1034 | $-0.0020 | -0.1809% |
| 20/07/2026 | $1.1060 | $1.1048 | $1.1054 | $0.0020 | 0.1813% |
| 17/07/2026 | $1.1040 | $1.1028 | $1.1034 | $0.0010 | 0.0907% |
| 16/07/2026 | $1.1030 | $1.1018 | $1.1024 | $0.0080 | 0.7310% |
| 15/07/2026 | $1.0949 | $1.0939 | $1.0944 | $0.0000 | 0.0000% |
| 14/07/2026 | $1.0949 | $1.0939 | $1.0944 | $-0.0031 | -0.2825% |
| 13/07/2026 | $1.0980 | $1.0970 | $1.0975 | $0.0081 | 0.7435% |
| 10/07/2026 | $1.0899 | $1.0889 | $1.0894 | $0.0019 | 0.1747% |
| 09/07/2026 | $1.0880 | $1.0870 | $1.0875 | $-0.0050 | -0.4577% |
| 08/07/2026 | $1.0930 | $1.0920 | $1.0925 | $0.0020 | 0.1834% |
| 07/07/2026 | $1.0910 | $1.0900 | $1.0905 | $0.0102 | 0.9442% |
| 06/07/2026 | $1.0808 | $1.0798 | $1.0803 | $-0.0031 | -0.2861% |
Documents
Product Literature
Fact Sheet - Franklin Athena Fund (Class A)
Regulatory Documents
Product Disclosure Statement - Franklin Athena Fund - Class A
Annual Report - Franklin Templeton Australia Funds
Annual RG240 Report - Franklin K2 Athena Fund
TMD - Franklin Athena Fund - Class A
Important Legal Information
Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. All investments involve risks, including possible loss of principal.
Effective 23 October 2025, the Franklin K2 Athena Fund was renamed Franklin Athena Fund and the Fund’s investment manager changed to Franklin Advisers, Inc. and K2/D&S Management Co., LLC.
Information on this website is intended to be of general information only and does not constitute investment or financial product advice. It expresses no views as to the suitability of the products or services described as to the individual circumstances, objectives, financial situation, or needs of any investor. You should conduct your own investigation or consult a financial adviser before making any decision to invest. Please read the relevant Product Disclosure Statements (PDSs), and any associated reference documents before making an investment decision. Neither Franklin Templeton Australia, nor any other company within the Franklin Templeton group guarantees the performance of any Fund, nor do they provide any guarantee in respect of the repayment of your capital. In accordance with the Design and Distribution Obligations, we maintain Target Market Determinations (TMD) for each of our Funds. All documents can be found via the Literature Page or by calling 1800 673 776.
